Monthly Ferrosilicon Market Report Sep 2022

Contents

1. Market Highlights 3
2. Economy and Policy 3
2.1 Chinese Economy and Policy 3
2.1.Asian Metal Copyright5 Russian ferrosilicon 65%min FOB Russia 6 4.Asian Metal Copyright1 GACC: China's foreign trade value up by 10.1% YOY in Jan-Aug 2022 3
2.1.2 Inner Mongolia to speed up restricted capacity shutdown 3
2.2 International Economy and Policy 3
2.2.1 OECD cuts global economic growth forecast for 2023 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 6
4. Company News 6
4.1 Ningxia Dayou resumes ferrosilicon production 6
4.2 Zhongwei Xinhua resume one furnace for ferrosilicon production 6
4.3 Zhongwei Shengjin resumes ferrosilicon production 6
4.4 Zhongwei Zhongtai resumes ferrosilicon production 6
4.6 HBIS' ferrosilicon purchase price for Sep fixed 6
4.8 Outokumpu's ferrosilicon purchase prices fixed 6
4.9 Ferroglobe cuts ferrosilicon output in Spain 6
5. Producers Statistics 6
5.1 Chinese ferrosilicon producers' operating rate up by 6.26% MOM in Sep 6
5.2 Chinese ferrosilicon producers' output up by 13.84% MOM in Sep 7
5.3 Chinese ferrosilicon producers' inventory down by 18.50% MOM in Sep 7
6. Consumers statistics 8
6.1 Global crude steel production down by 3.0% YoY in Aug 8
6.2 NBS: China's crude steel output down by 5.7% YoY in Jan-Aug 8
6.3 CISA: Major steel mills' average daily crude steel output records 2.1 million tons in early Sep 8
6.4 Chinese magnesium ingot producers' output up by 6.78% MoM in Sep 8
6.5 Chinese foundries' rough ferrosilicon consumption in Sep 9
7 Traders Statistics 9
7.1 Top 15 active Chinese ferrosilicon exporters in Sep selected by Asian Metal 9
8. Customs and statistics 9
8.1 Chinese ferrosilicon export volume in Aug down by 27.Asian Metal Copyright2 Chinese ferrosilicon 75%min FOB China IncEx-VAT 13 10.Asian Metal Copyright48%MoM. 9
8.2 Ferrosilicon import in China by country in Aug 2022 10
8.3 Ferrosilicon import in Japan by country Jun 2022 10
8.4 Ferrosilicon import in South Korea by country Jun 2022 11
8.5 Ferrosilicon import in the US by country Jun 2022 11
8.6 Russian ferrosilicon export by country Jan 2022 11
8.7 Malaysian ferrosilicon export by country Jun 2022 12
9. Relevant Industry News 12
9.1 POSCO's output of stainless-steel products up by 1.6% YoY in H1 2022 12
9.2 Valin Steel to invest RMB700 million in building high-quality high-speed wire rod production line project 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 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


.Asian Metal Copyright3 Chinese ferrosilicon producers' inventory down by 18Asian Metal Copyright