Monthly Ferrosilicon Market Report Jun 2021

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Chinese Economy and Policy 3
2.1.1 Zhongwei city of Ningxia restricts production of some high energy consumption enterprises 3
2.1.2 NDRC: Regular consultation mechanism for linkage supervision in spot and futures markets to be built 3
2.2 International Economy and Policy 3
2.2.1 Russia plans export tax on ferrous and nonferrous metals to fight inflation 3
3. Market Movements 3
3.1 Chinese Market 3
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 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 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
4.1 Shaanxi Sanjiang Energy to decrease ferrosilicon output 6
4.2 Ningxia Xintaijing starts to produce ferrosilicon 7
4.3 POSCO's ferrosilicon spot purchase price for July fixed 7
4.4 HBIS's ferrosilicon purchase price for June fixed 7
4.5 SeAH's ferrosilicon purchase price for Aug fixed 7
4.6 Xiangtan steel's ferrosilicon purchase price for Jul fixed 7
4.7 Hyundai Steel's ferrosilicon purchase price fixed 7
4.8 South Korean Dongkuk steel's ferrosilicon purchase price fixed 7
4.9 HBIS's ferrosilicon purchase price for Jul fixed 7
5. Producers Statistics 7
5.1 Chinese ferrosilicon producers' operating rate down by 2.52% MOM in June 7
5.2 Chinese ferrosilicon producers' output down by 3.57% MOM in June 8
5.3 Chinese ferrosilicon producers' inventory up by 35.79% MOM in June 8
6. Consumers statistics 8
6.1 Worldsteel: Global crude steel output up by 16.5% YOY in May 8
6.2 Japan's crude steel output up by 7.7% MOM in May 9
6.3 Brazil's crude steel output up by 40.1% in May 9
6.4 Italian crude steel production up by 18.8% YoY in May 9
6.5 Crude steel output in Hebei, Jiangsu, Shandong and Liaoning accounts for 47.0% of China's total in May 9
6.6 Chinese magnesium ingot producers' output down by 2.68% MoM in May 9
6.7 Chinese foundries' rough ferrosilicon consumption in May 9
7 Traders Statistics 9
7.1 Top 15 active Chinese ferrosilicon exporters selected by Asian Metal 9
8. Customs statistics 10
8.1 Chinese ferrosilicon export by country May 2021 10
8.2 Ferrosilicon import in China by country May 2021 10
8.3 Ferrosilicon import in Japan by country Apr 2021 10
8.4 Ferrosilicon import in South Korea by country Apr 2021 10
8.5 Ferrosilicon import in the US by country Apr 2021 11
8.6 Russian ferrosilicon export by country Apr 2021 11
8.7 Malaysian ferrosilicon export by country Apr 2021 11
9. Relevant Industry News 12
9.1 SEAISI expects ASEAN's apparent consumption of steel to be 74.90 million tons in 2021 12
9.2 UK extends valid term of safeguard measures on certain steel products 12
9.3 Shagang Group Yongxing Special Stainless Steel upgrades high-strength rebar production again 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 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 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 Copyright1 Ferrosilicon 65%min EXW DP 12 10Asian Metal Copyright