Monthly Ferrosilicon Market Report Apr 2021

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Chinese Economy and Policy 3
2.1.1 Ningxia issues 2021 guidance and work plan on dual control of total energy consumption and intensity 3
2.1.2 Customs Tariff Commission adjusts tariffs on some steel products 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 4
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 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 6
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
4.1 Chongqing steel's ferrosilicon purchase price for April fixed 6
4.2POSCO's ferrosilicon spot tender price for June fixed 7
4.3 Changjiang steel's part of sheduled ferrosilicon amount's purchase price for May fixed 7
4.4 Chongqing steel's ferrosilicon purchase price for April fixed 7
4.5 Xiangtan steel's ferrosilicon purchase price for April fixed 7
4.6 HBIS' ferrosilicon purchase price for Apr fixed 7
5. Producers Statistics 7
5.1 Chinese ferrosilicon producers' operating rate down by 2.1% MOM in Apr 7
5.2 Chinese ferrosilicon producers' output up by 3.07% MOM in April 7
5.3 Chinese ferrosilicon producers' inventory down by 56.87% MOM in April 8
6. Consumers statistics 8
6.1Global crude steel production up by 15.2% YOY in Mar in 2021 8
6.2 Japan's crude steel output increases by 4.6% YOY in Mar 8
6.3 Worldsteel: Global steel demand to rise by 5.8% YOY in 2021 9
6.4 Crude steel output in Hebei, Jiangsu, Shandong, Liaoning in Mar accounts for 47.9% of total in China 9
6.5 U.Asian Metal Copyright Economy and Policy 3 2.Asian Metal CopyrightS.Asian Metal Copyright2% MOM in Feb 9 6.Asian Metal Copyright steel imports up by 20.7% MoM in Mar 9
6.5 Chinese magnesium ingot producers' output down by 3.2% MOM in Feb 9
6.5 Chinese foundries' rough ferrosilicon consumption in April 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 March 2021 9
8.2 Ferrosilicon import in China by country March 2021 10
8.3 Ferrosilicon import in Japan by country Feb 2021 10
8.4 Ferrosilicon import in South Korea by country Feb 2021 10
8.5 Ferrosilicon import in the US by country Feb 2021 11
9. Relevant Industry News 11
9.1 STA releases announcement on cancelling export tax rebate of some iron and steel products 11
9.2 Valin Xiangtan Iron & Steel becomes the only Chinese supplier of high-strength wear-resistant steel to HCE 11
9.3 China's steel exports up by 23.8% YOY in Jan-Mar 11
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 12
10.1.3 Ferrosilicon 75%min EXW D/P 12
10.2 International market 12
10.2.1 Chinese ferrosilicon 72%min FOB China Inc/Ex-VAT 12
10.2.2 Chinese ferrosilicon 75%min FOB China Inc/Ex-VAT 12
10.2.3 Ferrosilicon 70%min prices in India EXW D/P 12
10.2.4 Ferrosilicon 75%min in Europe in warehouse Rotterdam 12
10.2.5 Ferrosilicon 75%min in the US in warehouse Pittsburgh 12
10.2.6 Ferrosilicon 65%min in Russia in warehouse 12
10.2.7 Russian ferrosilicon 65%min FOB Russia 12


.Asian Metal Copyright Producers Statistics 7 5Asian Metal Copyright