Monthly Ferrosilicon Market Report Dec 2020

1. Market Highlights 3
2. Economy and Policy 4
2.1 Chinese Economy and Policy 4
2.1.1 Ningxia releases 2021-2022 power transmission and distribution price and sale price 4
2.1.2 Major industries to stagger peak production in Zhongwei, Ningxia 4
2.2 International Economy and Policy 4
3. Market Movements 4
3.1 Chinese Market 4
3.1.1 Chinese ferrosilicon 65%min EXW D/P 4
3.1.2 Chinese ferrosilicon 72%min EXW D/P 4
3.1.3 Chinese ferrosilicon 75%min EXW D/P 4
3.2 Export Market 5
3.2.1 Chinese ferrosilicon 72%min FOB China 5
3.2.2 Chinese ferrosilicon 72%min FOB China Ex-VAT 5
3.2.3 Chinese ferrosilicon 75%min FOB China 5
3.2.4 Chinese ferrosilicon 75%min FOB China Ex-VAT 5
3.3 International Market 6
3.3.1 Ferrosilicon 70%min in India EXW D/P 6
3.3.2 Ferrosilicon 75%min in Europe in warehouse Rotterdam 6
3.3.3 Ferrosilicon 75%min in the US in warehouse Pittsburgh 6
3.3.4 Ferrosilicon 65%min in Russia in warehouse 7
3.3.5 Russian ferrosilicon 65%min FOB Russia 7
4. Company News 7
4.1 HBIS' purchase price for December fixed 7
4.2 LeDu Fuhai to increase ferrosilicon output 7
4.3 Shenmu Shuangyi stops one furnace 7
4.4 Ningxia Dongyi Magnesium stops ferrosilicon production 7
4.5 Haidong Huaxin increases ferrosilicon output 7
4.6 Ledu Honglitong increases ferrosilicon output 8
4.7 Shaanxi Sanxin resumes one ferrosilicon furnace 8
4.8 HBIS' ferrosilicon purchase price for January fixed 8
4.9 Shenmu Jingyi resumes ferrosilicon production 8
5. Producers Statistics 8
5.1 Chinese ferrosilicon producers' operating rate up by 9.3% YOY in Dec 8
5.2 Chinese ferrosilicon producers' output up by 1.5% YOY in Dec 9
5.3 Chinese ferrosilicon producers' inventory down by 94.7% YOY in Dec 9
6. Consumers statistics 9
6.1 Global crude steel output up by 6.6% YOY in Nov 2020 9
6.2 Japan's crude steel in November up by 0.9% MOM in Nov 10
6.3 China's crude steel production up by 8% YOY in Nov 10
6.4 Chinese magnesium ingot producers' output up by 4.03% MOM in Dec 10
6.5 Chinese foundries' rough ferrosilicon consumption in Dec 10
7 Traders Statistics 10
7.1 Top 15 active Chinese ferrosilicon exporters selected by Asian Metal 10
8. Customs statistics 11
8.1 Chinese ferrosilicon export by country Nov 2020 11
8.2 Ferrosilicon import in China by country Nov 2020 11
8.3 Ferrosilicon import in Japan by country Oct 2020 11
8.4 Ferrosilicon import in South Korea by country Oct 2020 12
8.5 Ferrosilicon import in the US by country Oct 2020 12
9. Relevant Industry News 12
9.1 China vows to further cut crude steel output in 2021 12
9.2 China Baowu's steel output exceeds 10 million ton 12
9.3 MIIT publicizes list of magnesium enterprises (first batch) complying with industrial standards 12
10. Market Outlook for Next Month 13
10.1 Chinese market 13
10.1.1 Ferrosilicon 65%min EXW D/P 13
10.1.2 Ferrosilicon 72%min EXW D/P 13
10.1.3 Ferrosilicon 75%min EXW D/P 13
10.2 International market 13
10.2.1 Chinese ferrosilicon 72%min FOB China Inc/Ex-VAT 13
10.2.2 Chinese ferrosilicon 75%min FOB China Inc/Ex-VAT 13
10.2.3 Ferrosilicon 70%min prices in India EXW D/P 13
10.2.4 Ferrosilicon 75%min in Europe in warehouse Rotterdam 13
10.2.5 Ferrosilicon 75%min in the US in warehouse Pittsburgh 13
10.2.6 Ferrosilicon 65%min in Russia in warehouse 13
10.2.7 Russian ferrosilicon 65%min FOB Russia 13


.Asian Metal Copyright6% YOY in Nov 2020 9 6Asian Metal Copyright