Monthly Ferrosilicon Market Report Jul 2022

Contents

1. Market Highlights 3
2. Economy and Policy 3
2.1 Chinese Economy and Policy 3
2.1.1 Inner Mongolia sets upper limit for steel capacity at 36 million tons 3
2.1.Asian Metal Copyright Producers Statistics 6 5.Asian Metal Copyright2 NDRC allocates RMB2.4 billion to support construction of energy conservation and carbon reduction projects 3
2.1.3 IMF again cuts global economy growth forecast for 2022 and 2023 3
2.1.4 NDRC: China's steel industry should further reduce crude steel production 3
2.2 International Economy and Policy 3
2.2.Asian Metal Copyright3.Asian Metal Copyright1 Import tariff for Russian ferrosilicon in the US remains 11.5% 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
3.2.4 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 5
4. Company News 6
4.1 HBIS' ferrosilicon purchase price for Jul fixed 6
4.2 Ningxia Zhongtai suspends ferrosilicon production 6
4.3 Zhongwei Yinhe suspends ferrosilicon production 6
4.4 Major ferrosilicon producers in Ningxia halt production 6
5. Producers Statistics 6
5.1 Chinese ferrosilicon producers' operating rate down by 12.59% MOM in Jul 6
5.2 Chinese ferrosilicon producers' output up by 2.82% MOM in Jul 6
5.3 Chinese ferrosilicon producers' inventory up by 36.52% MOM in Jul 7
6. Consumers statistics 7
6.1 WorldSteel: Global crude steel production down by 5.9% YOY in Jun 7
6.2 Inner Mongolia sets upper limit for steel capacity at 36 million tons 8
6.3 GACC: China's steel product exports up by 17% YOY in Jun 8
6.4 Chinese magnesium ingot producers' operating rate down by 3.95% MoM in Jun 8
6.5 Chinese foundries' rough ferrosilicon consumption in Jul 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 Jun down by 24.Asian Metal Copyright1.Asian Metal Copyright76%MoM. 8
8.2 Ferrosilicon import in China by country in June 9
8.3 Ferrosilicon import in Japan by country Apr 2022 10
8.4 Ferrosilicon import in South Korea by country Apr 2022 10
8.5 Ferrosilicon import in the US by country Apr 2022 10
8.6 Russian ferrosilicon export by country Jan 2022 11
8.7 Malaysian ferrosilicon export by country Dec 2021 11
9. Relevant Industry News 12
9.1 Shaoguan Iron and Steel develops and trial-produces high-strength earthquake-resistant steel bar HRB635E 12
9.2 China to continue to enforce NEV purchase tax exemption policy 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 13
10.2.7 Russian ferrosilicon 65%min FOB Russia 13



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