Monthly Ferrosilicon Market Report Jan 2021

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Chinese Economy and Policy 3
2.1.1 Zhongwei, Ningxia relieves production restriction policy 3
2.1.2 China keeps 2021 ferrosilicon export tariff rate at 20% 3
2.1.3 Ningxia releases 2021-2022 power transmission and distribution price and sale price 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Chinese ferrosilicon 65%min EXW D/P 3
3.1.2 Chinese ferrosilicon 72%min EXW D/P 3
3.1.3 Chinese ferrosilicon 75%min EXW D/P 4
3.2 Export Market 4
3.2.1 Chinese ferrosilicon 72%min FOB China 4
3.2.2 Chinese ferrosilicon 72%min Ex-VAT FOB China 4
3.2.3 Chinese ferrosilicon 75%min FOB China 5
3.2.4 Chinese ferrosilicon 75%min Ex-VAT FOB China 5
3.3 International Market 5
3.3.1 Ferrosilicon 70%min in India EXW D/P 5
3.3.2 Ferrosilicon 75%min in Europe in warehouse Rotterdam 5
3.3.3 Ferrosilicon 75%min in the US in warehouse Pittsburgh 6
3.3.4 Ferrosilicon 65%min in Russia in warehouse 6
3.3.5 Russian ferrosilicon 65%min FOB Russia 6
4. Company News 6
4.1HBIS' ferrosilicon purchase price for January fixed 6
4.2 Ansteel's ferrosilicon purchase price for January fixed 6
4.3 Ningxia Xinhua to increase ferrosilicon output 6
4.4 Ningxia Maoye resumes one ferrosilicon furnace 7
4.5 Indonesian PT Krakatau Posco's ferrosilicon purchase price fixed 7
4.6 Minhe Tianjian increases ferrosilicon output 7
4.7 Qinghai Huadian to increase ferrosilicon output 7
4.8 Haidong Huaxin decreases ferrosilicon output 7
4.9 HBIS' ferrosilicon purchase price for Feb fixed 7
5. Producers Statistics 7
5.1 Chinese ferrosilicon producers' operating rate up by 6.1% MOM in Jan 7
5.2 Chinese ferrosilicon producers' output up by 9% MOM in Jan 8
5.3 Chinese ferrosilicon producers' inventory up by 156.3% MOM in Jan 8
6. Consumers statistics 9
6.1 Global crude steel output down by 0.9% YOY in 2020 9
6.2 Japan's 2020 crude steel output drops 16.2% amid COVID-19 crisis 9
6.3 China's crude steel production exceeds 1 billion tons for first time in 2020 9
6.4 German crude steel output up by 10.7% YOY in Dec 2020 9
6.5 Brazil's steel products output up by 17% YOY in Dec 10
6.6 Chinese magnesium ingot producers' output up by 4.03% MOM in Dec 10
6.7 Chinese foundries' rough ferrosilicon consumption in Jan 10
7 Traders Statistics 10
7.1 Top 15 active Chinese ferrosilicon exporters selected by Asian Metal 10
8. Customs statistics 10
8.1 Chinese ferrosilicon export by country Dec2020 10
8.2 Ferrosilicon import in China by country Dec 2020 11
8.3 Ferrosilicon import in Japan by country Nov 2020 11
8.4 Ferrosilicon import in South Korea by country Oct 2020 11
8.5 Ferrosilicon import in the US by country Nov 2020 11
9. Relevant Industry News 12
9.1 CISA: China to strictly control steel capacity expansion and promote ultra-low emission transformation 12
9.2 MIIT: Steel output should be cut in four aspects 12
9.3 RSM Group announces to become global supplier of magnesium alloy downstream application for Volvo 12
10. Market Outlook for Next Month 12
10.1 Chinese market 12
10.1.1 Ferrosilicon 65%min EXW D/P 12
10.1.2 Ferrosilicon 72%min EXW D/P 12
10.1.3 Ferrosilicon 75%min EXW D/P 12
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


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