Ferroalloy market prices rose across the board last week

Last week, the ferroalloy market rose across the board. Some steel mills have finalized the bidding price for ferrosilicon in January 2021 (7180 yuan/ton ~ 7,500 yuan/ton), which is higher than the bidding price in December 2020. Most manufacturers still place orders to produce early steel mill orders and will not accept orders temporarily. Traders are not very accepting of high-priced resources, and the ferrosilicon market is still strong in the short term. The market price of silicomanganese rose sharply. Environmental protection and production restrictions continue in Ningxia. Electricity prices in Guangxi are raised and production is expected to be reduced. Most of the silicomanganese production companies are in low inventory. The silicomanganese market will operate strongly in the short term.

The China vanadium market prices have risen sharply, and the shortage of vanadium resources has intensified, and large factories mainly deliver orders. In the context of the sharp rise in the raw material market and the increase in terminal demand, alloy manufacturers are more willing to stand up for prices, and spot resources are also tight. Most companies mainly take futures orders. The price of ferro-vanadium alloys has gradually increased, but the overall increase is not as good as that of vanadium-nitrogen alloys. market. Industry insiders expect that market prices of vanadium products will continue to rise with the support of raw materials. The domestic market price of ferromolybdenum continues to rise. With the advancement of bidding by steel mills and the increase in the price of raw molybdenum concentrate, the cost line of ferromolybdenum manufacturers has risen, and the willingness to raise prices is strong. At the same time, rising foreign molybdenum oxide prices also boosted the confidence of the domestic market. It is expected that the domestic ferromolybdenum market will continue to rise in the near future.