Monthly Ferrosilicon Market Report Aug 2021

Contents
1. Market Highlights 3
2. Economy and Policy 4
2.1 Chinese Economy and Policy 4
2.1.1 Zhongwei, Ningxia gets first-class of warning for the slowly proceeding of power reduce mission 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
3.2.4 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 6
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 2.82% MOM in Aug 7
5.2 Chinese ferrosilicon producers' output down by 4.24% MOM in Aug 7
5.3 Chinese ferrosilicon producers' inventory down by 36.69% MOM in Aug 8
6. Consumers statistics 8
6.1 Global crude steel output increases by 3.3% YOY in Jul 8
6.2 Japan's crude steel output up by 44.4% YOY in Jun 9
6.3 India's crude steel output expected to reach 120 million tons in FY2021-22 9
6.5 Chinese magnesium ingot producers' output down by 13.86% MoM in Jul 9
6.6 Chinese foundries' rough ferrosilicon consumption in Aug 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 Jul 2021 10
8.2 Ferrosilicon import in China by country Jul 2021 10
8.3 Ferrosilicon import in Japan by country Jun 2021 10
8.4 Ferrosilicon import in South Korea by country Jun 2021 11
8.5 Ferrosilicon import in the US by country Jun 2021 11
8.6 Russian ferrosilicon export by country May 2021 11
8.7 Malaysian ferrosilicon export by country May 2021 12
9. Relevant Industry News 12
9.1 Baosteel Special Steel's capacity transfer program for two 40-ton electric furnaces made public 12
9.2 Worker dies after falling from catwalk at Dearborn steel plant 12
10. Market Outlook for Next Month 13
10.1 Chinese market 13
10.1.1 Ferrosilicon 65%min EXW D/P 13
10.1.2 Ferrosilicon 72%min EXW D/P 13
10.1.3 Ferrosilicon 75%min EXW D/P 13
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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