Monthly Ferrosilicon Market Report Dec 2021

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Chinese Economy and Policy 3
2.1.1 China issues 2022 tariff adjustment plan 3
2.1.2 Shaanxi launches special inspection and troubleshooting for production safety during winter 3
2.1.3 MEE: Rumor about enterprises being shut down during Winter Olympics not true 3
2.1.4 Ministry of Finance to increase tax and fee cuts in 2022 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Chinese ferrosilicon 72%min EXW D/P 3
3.1.2 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
3.3 International Market 4
3.3.1 Ferrosilicon 70%min in India EXW D/P 4
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 5
3.3.5 Russian ferrosilicon 65%min FOB Russia 5
4. Company News 6
4.1. All ferrosilicon plants in Zhongwei halt production 6
4.2 South Korean HANSCO's ferrosilicon purchase price fixed 6
4.3 South Korean KISCO's ferrosilicon purchase price fixed 6
4.4 The US Charter steel's ferrosilicon purchase price for Nov fixed 6
5. Producers Statistics 6
5.1 Chinese ferrosilicon producers' operating rate down by 1.05% MOM in Dec 6
5.2 Chinese ferrosilicon producers' output down by 1.99% MOM in Dec 6
5.3 Chinese ferrosilicon producers' inventory down by 7.36% MOM in Dec 7
6. Consumers statistics 7
6.1 Global crude steel production down by 9.9% YOY in Nov 7
6.2 Brazil's crude steel production up by 17.4% YOY in Jan-Nov 7
6.3 Global crude stainless steel output up by 16.9% YoY in Q1-Q3 of 2021 8
6.4 China's crude steel output down by 2.6% YOY in Jan-Nov 8
6.5 Shandong to cut crude steel production by 3.44 million tons by end of Dec 2021 8
6.6 Chinese magnesium ingot producers' output up by 1.57% MoM in Dec 8
6.7 Chinese foundries' rough ferrosilicon consumption in Dec 8
7 Traders Statistics 8
7.1 Top 15 active Chinese ferrosilicon exporters in Dec selected by Asian Metal 8
8. Customs statistics 9
8.1 Chinese ferrosilicon export by country Sep 2021 9
8.2 Ferrosilicon import in China by country Nov 2021 9
8.3 Ferrosilicon import in Japan by country Oct 2021 9
8.4 Ferrosilicon import in South Korea by country Sep 2021 10
8.5 Ferrosilicon import in the US by country Oct 2021 10
8.6 Russian ferrosilicon export by country Sep and 2021 10
8.7 Malaysian ferrosilicon export by country Sep 2021 11
9. Relevant Industry News 11
9.1 China's first independent large-scale heavy rail steel production line goes into operation 11
9.2 Henan to control pig iron and crude steel production capacity within 30,000,000t and 40,000,000t by 2025 respectively 12
10. Market Outlook for Next Month 12
10.1 Chinese market 12
10.1.1 Ferrosilicon 72%min EXW D/P 12
10.1.2 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 Customs statistics 9 8Asian Metal Copyright