Monthly Ferrosilicon Market Report May 2022

Contents

1. Market Highlights 3
2. Economy and Policy 3
2.1 Chinese Economy and Policy 3
2.1.Asian Metal Copyright9% YoY in Jan-Apr 3 2.Asian Metal Copyright1 U.Asian Metal Copyright68% MoM in Apr 8 6.Asian Metal CopyrightS. starts review process for additional tariffs on China or removes additional tariffs on Chinese-origin products 3
2.1.Asian Metal Copyright1 Chinese market 12 10.Asian Metal Copyright2 GACC: China's import and export value of foreign trade up by 7.9% YoY in Jan-Apr 3
2.1.3 M EU cuts forecasts for economic growth in 2022 and 2023 3
2.1.Asian Metal Copyright5 trillion 3 3.Asian Metal Copyright4 MoF: China's 2022 tax rebates & cuts and fee reductions to total RMB2.5 trillion 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 3
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
3.2.4 Chinese ferrosilicon 75%min Ex-VAT 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 6
4. Company News 6
4.1 Some major ferrosilicon producers in Ningxia ramp down output 6
4.2 HBIS' ferrosilicon purchase price for May fixed 6
5. Producers Statistics 6
5.1 Chinese ferrosilicon producers' operating rate down by 4.09% MOM in May 6
5.2 Chinese ferrosilicon producers' output down by 6.23% MOM in May 6
5.3 Chinese ferrosilicon producers' inventory down by 38.31% MOM in May 7
6. Consumers statistics 7
6.1 WorldSteel: Global crude steel output down by 5.1% YoY in Apr 7
6.2 SEAISI: Southeast Asia's crude steel to increase by 90.8 million tons by 2026 7
6.3 NBS: China's crude steel output down by 10.3% YoY in Jan-Apr 7
6.3 ArcelorMittal reports lower crude steel output in Q1 2022 7
6.5 Chinese magnesium ingot producers' operating rate up by 0.68% MoM in Apr 8
6.6 Chinese foundries' rough ferrosilicon consumption in May 8
7 Traders Statistics 8
7.1 Top 15 active Chinese ferrosilicon exporters in Dec selected by Asian Metal 8
8. Customs and statistics 8
8.1 Chinese ferrosilicon export volume in Apr down by 1.Asian Metal Copyright Company News 6 4.Asian Metal Copyright01%MoM. 8
8.2 Ferrosilicon import in China by country Apr 9
8.3 Ferrosilicon import in Japan by country Feb 2022 9
8.4 Ferrosilicon import in South Korea by country Feb 2022 10
8.5 Ferrosilicon import in the US by country Feb 2022 10
8.6 Russian ferrosilicon export by country Jan 2022 10
8.7 Malaysian ferrosilicon export by country Dec 2021 11
9. Relevant Industry News 12
9.1 Iran removes export duties on rebar and hot-rolled coil 12
9.2 Yunhai Special Metals wins mining license for dolomite ores with RMB365 million 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 starts review process for additional tariffs on China or removes additional tariffs on Chinese-origin products 3 2Asian Metal Copyright