Monthly Ferrosilicon Market Report Feb 2021

Contents
1. Market Highlights 2
2. Economy and Policy 3
2.1 Chinese Economy and Policy 3
2.1.1 Inner Mongolia adjusts electricity price policies for eight industries 3
2.1.Asian Metal Copyright2 Export Market 4 3.Asian Metal Copyright2 Bayannur, Inner Mongolia conducts energy consumption reduction policy. 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 4
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 5
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
4.1 Ningxia Xinhua decreases ferrosilicon output 6
4.2 Ningxia Dayou decreases ferrosilicon output 6
4.3 South Korean SeAH Changwon finalizes ferrosilicon purchase for April 6
4.4 Erdos Inner Mongolia stops some ferrosilicon furnaces 6
5. Producers Statistics 6
5.1 Chinese ferrosilicon producers' operating rate up by 3.93% MOM in Feb 6
5.2 Chinese ferrosilicon producers' output up by 4.59% MOM in Feb 7
5.3 Chinese ferrosilicon producers' inventory up by 247.6% MOM in Feb 7
6. Consumers statistics 8
6.1 Global crude steel output up by 4.8% YOY in Jan 8
6.2 Brazil's crude steel production increases by 10.8% YOY in Jan 8
6.2 Japan's crude steel output down by 3.9% YOY in Jan 8
6.3 Chinese magnesium ingot producers' output down by 3.2% MOM in Feb 8
6.7 Chinese foundries' rough ferrosilicon consumption in Jan 9
7 Traders Statistics 9
7.1 Top 15 active Chinese ferrosilicon exporters selected by Asian Metal 9
8. Customs statistics 9
8.1 Chinese ferrosilicon export by country Dec 2020 9
8.2 Ferrosilicon import in China by country Dec 2020 9
8.3 Ferrosilicon import in Japan by country Dec 2020 9
8.4 Ferrosilicon import in South Korea by country Nov& Dec 2020 10
8.5 Ferrosilicon import in the US by country Nov 2020 10
9. Relevant Industry News 10
9.1 Accident happens during blast furnace maintenance of Sanbao Group 10
9.2 Nippon Steel mulls further production cuts 10
10. Market Outlook for Next Month 11
10.1 Chinese market 11
10.1.1 Ferrosilicon 65%min EXW D/P 11
10.1.2 Ferrosilicon 72%min EXW D/P 11
10.1.3 Ferrosilicon 75%min EXW D/P 11
10.2 International market 11
10.2.1 Chinese ferrosilicon 72%min FOB China Inc/Ex-VAT 11
10.2.2 Chinese ferrosilicon 75%min FOB China Inc/Ex-VAT 11
10.2.3 Ferrosilicon 70%min prices in India EXW D/P 11
10.2.4 Ferrosilicon 75%min in Europe in warehouse Rotterdam 11
10.2.5 Ferrosilicon 75%min in the US in warehouse Pittsburgh 11
10.2.6 Ferrosilicon 65%min in Russia in warehouse 11
10.2.7 Russian ferrosilicon 65%min FOB Russia 11


.Asian Metal Copyright2 Chinese ferrosilicon producers' output up by 4Asian Metal Copyright