Group 1: Market Overview - The price of silicon iron is reported at 5900-6050 CNY/ton for 72 silicon iron and 6350-6400 CNY/ton for 75 silicon iron, with slow procurement progress from downstream buyers[1] - The current inventory of silicon iron warehouse receipts is 7828, an increase of 567 from the previous trading day, with a total of 41640 tons, up 2500 tons[1] - Manganese silicon prices are reported at 6000-6100 CNY/ton in the north and 6050-6150 CNY/ton in the south, with a recent procurement of 4000 tons at 6380 CNY/ton[8] Group 2: Cost and Pricing Dynamics - The cost of silicon stone in Qinghai and Ningxia is between 180-230 CNY/ton, while the price of Shenfu Lan coal is 860-930 CNY/ton, indicating a downward price expectation[1] - The electricity price in Ningxia has decreased by 2 cents to 0.41-0.44 CNY/kWh, contributing to lower production costs for silicon iron[1] - The overall market sentiment shows a weak supply-demand balance, with rising inventories but low delivery and steel mill stocks[4] Group 3: Technical Analysis - The Wenhua Commodity Index increased by 0.56%, closing at 172.38, with a net capital inflow of 904 million CNY, while the main silicon iron contract closed at 6302, down 0.47%[2] - The technical indicators suggest a low-level wide fluctuation, with attention on support at integer levels and pressure near the 60-week moving average[3][10] Group 4: Future Outlook - The expectation of lower coal prices is likely to reduce silicon iron costs, slightly narrowing industry losses[4] - The macroeconomic outlook remains strong, but the current spot prices are generally declining, indicating potential hedging opportunities at higher levels[4][11]
铁合金日报-宏观强预期和弱现实的博弈下，双硅震荡等待新驱动？
Hua Rong Rong Da Qi Huo·2024-12-13 00:33