Monthly Ferrosilicon Market Report Oct 2022

Contents

1. Market Highlights 3
2. Economy and Policy 3
2.1 Chinese Economy and Policy 3
2.1.1 China's Ulanqab carries out rectification campaign against backward ferroalloy capacity 3
2.1.Asian Metal Copyright1.Asian Metal Copyright2 I IMF cuts 2023 global economic growth forecast to 2.7% 3
2.1.3 MEE: To launch third round of central ecological and environmental protection inspection campaign 3
2.1.4 Ningxia to implement off-peak production for winter and spring 2022-2023 3
2.1.Asian Metal Copyright4 Ningxia to implement off-peak production for winter and spring 2022-2023 3 2.Asian Metal Copyright5 GACC: China's foreign trade value up by 9.9% YOY in Jan-Sep 2022 3
3. Market Movements 4
3.1 Chinese Market 4
3.1.1 Chinese ferrosilicon 72%min EXW D/P 4
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 5
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 Xinjiang Jitie Ferroalloy's 2Mtpy ferrosilicon project breaks ground 6
4.2 HBIS' ferrosilicon purchase price for Oct fixed 6
4.3 Qingtongxia Jiaqilong to ramp up ferrosilicon output 6
4.4 Inner Mongolia Junzheng's ferrosilicon output cut 6
5. Producers Statistics 6
5.1 Chinese ferrosilicon producers' operating rate up by 3.77% MOM in Oct 6
5.2 Chinese ferrosilicon producers' output up by 7.27% MOM in Oct 7
5.3 Chinese ferrosilicon producers' inventory up by 11.73% MOM in Oct 7
6. Consumers statistics 8
6.1 Global crude steel output up by 3.7% YOY in Sep 8
6.2 NBS: China's crude steel output down by 3.4% YOY in Jan-Sep 8
6.3 Global crude stainless steel output falls by 3.5% YOY in H1 8
6.4 Chinese magnesium ingot producers' output up by 5.53% MoM in Oct 8
6.5 Chinese foundries' rough ferrosilicon consumption in Oct 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 Sep up by 3.Asian Metal Copyright4 Ningxia to implement off-peak production for winter and spring 2022-2023 3 2.Asian Metal Copyright33%MoM. 9
8.2 Ferrosilicon import in China by country in Sep 2022 10
8.3 Ferrosilicon import in Japan by country Jul 2022 10
8.4 Ferrosilicon import in South Korea by country Jul 2022 10
8.5 Ferrosilicon import in the US by country Jul 2022 11
8.6 Russian ferrosilicon export by country Jan 2022 11
8.7 Malaysian ferrosilicon export by country Jul 2022 12
9. Relevant Industry News 12
9.1 Jingye Group acquires Northern Guangdong United Steel and Iron 12
9.2 China Baowu Group Chongqing Iron and Steel achieves mass production of 12m sizing deformed steel bar 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 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 Copyright Economy and Policy 3 2Asian Metal Copyright