Monthly Ferrosilicon Market Report Jan 2022

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
2.1.3 MOF: Over RMB1 trillion deducted from due taxes and fees in 2021 3
2.1.4 MIIT: Capacity of key raw materials to be reduced only by 2025 3
2.2 International Economy and Policy 3
2.2.Asian Metal Copyright1 China issues 2022 tariff adjustment plan 3 2.Asian Metal Copyright1U.Asian Metal Copyright3 MOF: Over RMB1 trillion deducted from due taxes and fees in 2021 3 2.Asian Metal CopyrightS. government to exempt Japanese steel from some additional tariffs 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 5
3.3.1 Ferrosilicon 75%min in Europe in warehouse Rotterdam 5
3.3.2 Ferrosilicon 75%min in the US in warehouse Pittsburgh 5
3.3.3 Ferrosilicon 70%min in India EXW D/P 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 Two major Chinese ferrosilicon plants resume production 6
4.2 Ningxia Ruizilian ramps up ferrosilicon output 6
4.3 Ningxia Dayou's ferrosilicon output ramps up 6
4.4 Ningxia Zhongda resumes ferrosilicon production 6
4.5 OM Sarawak to embark on silicon metal production 6
4.6 South Korean SeAH's ferrosilicon purchase price fixed 6
5. Producers Statistics 6
5.1 Chinese ferrosilicon producers' operating rate down by 6.32% MOM in Jan 6
5.2 Chinese ferrosilicon producers' output up by 12.68% MOM in Jan 7
5.3 Chinese ferrosilicon producers' inventory up by 1.03% MOM in Jan 7
6. Consumers statistics 8
6.1 NBS: China's crude steel output down by 3.0% YOY in 2021 8
6.2 Global crude steel production up by 3.6% YOY in 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' operating rate up by 1.43% MoM in Jan 8
6.7 Chinese foundries' rough ferrosilicon consumption in Jan 9
7 Traders Statistics 9
7.1 Top 15 active Chinese ferrosilicon exporters in Dec selected by Asian Metal 9
8. Customs statistics 9
8.1 Chinese ferrosilicon export by country Dec 2021 9
8.2 Ferrosilicon import in China by country Dec 2021 10
8.3 Ferrosilicon import in Japan by country Oct 2021 10
8.4 Ferrosilicon import in South Korea by country Oct 2021 10
8.5 Ferrosilicon import in the US by country Oct 2021 11
8.6 Russian ferrosilicon export by country Oct 2021 11
8.7 Malaysian ferrosilicon export by country Oct 2021 12
9. Relevant Industry News 12
9.1 China's first independent large-scale heavy rail steel production line goes into operation 12
9.2 Henan to control pig iron and crude steel production capacity within 30,000,000t and 40,000,000t by 2025 respectively 13
10. Market Outlook for Next Month 13
10.1 Chinese market 13
10.1.1 Ferrosilicon 72%min EXW D/P 13
10.1.2 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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