Monthly Ferrosilicon Market Report Sep 2021

Contents
1. Market Highlights 3
2. Economy and Policy 4
2.1 Chinese Economy and Policy 4
2.1.1 All ferrosilicon plants in Zhongwei stop production for about one week 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 Ex-VAT FOB China 5
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 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 6
3.3.5 Russian ferrosilicon 65%min FOB Russia 7
4. Company News 7
4.1 Major ferrosilicon plants in Zhongwei cut outputs 7
4.2 Daehan Steel's ferrosilicon purchase price fixed 7
4.3 HBIS's ferrosilicon purchase price for Aug fixed 7
4.4 SeAH's low Ti ferrosilicon purchase price fixed 7
4.5 SeAH's ferrosilicon purchase price fixed 7
4.6 Xinyu steel's ferrosilicon purchase price for Sep fixed 7
5. Producers Statistics 7
5.1 Chinese ferrosilicon producers' operating rate down by 3.88% MOM in Sep 7
5.3 Chinese ferrosilicon producers' inventory up by 17.86% MOM in Sep 8
6. Consumers statistics 8
6.1 Global crude steel production down by 1.4% YOY in Aug 8
6.2 Japan's crude steel output up by 22.9% YOY in Aug 9
6.3 Crude steel output of Hebei, Jiangsu, Shandong, Liaoning and Shanxi accounts for 54.0% of total in Aug 9
6.5 Improving demand to bring increase in Japanese crude steel production in Q4 9
6.6 Chinese magnesium ingot producers' output down by 0.54% MoM in Aug 9
6.6 Chinese foundries' rough ferrosilicon consumption in Sep 9
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 Sep 2021 10
8.2 Ferrosilicon import in China by country Sep 2021 10
8.3 Ferrosilicon import in Japan by country Jul 2021 10
8.4 Ferrosilicon import in South Korea by country Jul 2021 11
8.5 Ferrosilicon import in the US by country Jun 2021 11
8.6 Russian ferrosilicon export by country Jul and Jun 2021 11
8.7 Malaysian ferrosilicon export by country Jul and Jun 2021 12
9. Relevant Industry News 13
9.1 Inner Mongolia withdraws production capacity replacement proposals of three Baotou-based iron and steel enterprises 13
9.2 Shaanxi magnesium ingot plants reduce output on a large scale 14
10. Market Outlook for Next Month 14
10.1 Chinese market 14
10.1.1 Ferrosilicon 65%min EXW D/P 14
10.1.2 Ferrosilicon 72%min EXW D/P 14
10.1.3 Ferrosilicon 75%min EXW D/P 14
10.2 International market 14
10.2.1 Chinese ferrosilicon 72%min FOB China Inc/Ex-VAT 14
10.2.2 Chinese ferrosilicon 75%min FOB China Inc/Ex-VAT 14
10.2.3 Ferrosilicon 70%min prices in India EXW D/P 14
10.2.4 Ferrosilicon 75%min in Europe in warehouse Rotterdam 14
10.2.5 Ferrosilicon 75%min in the US in warehouse Pittsburgh 14
10.2.6 Ferrosilicon 65%min in Russia in warehouse 14
10.2.7 Russian ferrosilicon 65%min FOB Russia 14


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