Monthly Ferrosilicon Market Report Apr 2024

1. Market Highlights 2
2. Economy and Policy 2
2.1 Chinese Economy and Policy 2
2.1.1 Yulin's Q1 magnesium metal production reaches 159kt 2
2.1.Asian Metal Copyright1 HBIS' ferrosilicon purchase price for Apr fixed 4 4.Asian Metal Copyright1. China's Q1 foreign trade exceeds 10 trillion yuan for first time 2
3. Market Movements 2
3.1 Chinese Market 2
3.1.1 Chinese ferrosilicon 72%min EXW D/P 2
3.1.2 Chinese ferrosilicon 75%min EXW D/P 2
3.2 Export Market 2
3.2.1 Chinese ferrosilicon 72%min FOB China 2
3.2.2 Chinese ferrosilicon 72%min Ex-VAT FOB China 2
3.2.3 Chinese ferrosilicon 75%min FOB China 3
3.2.4 Chinese ferrosilicon 75%min Ex-VAT FOB China 3
3.3 International Market 3
3.3.1 Ferrosilicon 75%min in Europe in warehouse Rotterdam 3
3.3.2 Ferrosilicon 75%min in the US in warehouse Pittsburgh 3
3.3.3 Ferrosilicon 70%min in India EXW D/P 3
3.3.4 Ferrosilicon 65%min in Russia in warehouse 4
3.3.5 Russian ferrosilicon 65%min FOB Russia 4
4. Company News 4
4.1 HBIS' ferrosilicon purchase price for Apr fixed 4
4.2 South Korean Hyundai steel purchase prices fixed 4
4.3 Angang Lianzhong announces bid result for low-Al ferrosilicon 4
5. Producers Statistics 4
5.1 Chinese ferrosilicon producers' operating rate up by 2.13% MoM in Apr 4
5.2 Chinese ferrosilicon producers' output up by 0.25% MoM in Apr 4
5.3 Chinese ferrosilicon producers' inventory down by 35.95% MoM in Apr 5
6. Consumers statistics 5
6.1 CISA: Major steel mills' daily crude steel output records 2.11Mt in early Apr 5
6.2 CISA: Major steel mills' daily crude steel output rises to 2.12Mt in mid-Apr 5
6.3 CISA: Major steel mills' daily crude steel output records 2.2Mt in late Apr 6
6.4 Chinese magnesium ingot producers' output down by 0.25% MoM in Mar 6
7 Export statistics 6
7.1 Chinese ferrosilicon export volume down by 1.36% MoM in Mar 6
8 Traders Statistics 6
8.1 Top 10 active Chinese ferrosilicon exporters in December selected by Asian Metal 6
9. Relevant Industry News 6
9.1 China's Q1 steel products output up by 4.4% YoY 6
9.2 Global steel demand to return to growth in 2024 7
10. Market Outlook for Next Month 7
10.1 Chinese market 7
10.1.1 Ferrosilicon 72%min EXW D/P 7
10.1.2 Ferrosilicon 75%min EXW D/P 7
10.2 Chinese export market 7
10.2.1 Chinese ferrosilicon 72%min FOB China Inc/Ex-VAT 7
10.2.2 Chinese ferrosilicon 75%min FOB China Inc/Ex-VAT 7
10.3 International market 7
10.3.1 Ferrosilicon 70%min prices in India EXW D/P EXW India 7
10.3.2 Ferrosilicon 75%min in Europe in warehouse Rotterdam 7
10.3.3 Ferrosilicon 75%min in the US in warehouse Pittsburgh 7
10.3.4 Ferrosilicon 65%min in Russia in warehouse 7
10.3.5 Ferrosilicon 65%min FOB Russia 7


.Asian Metal Copyright25% MoM in Mar 6 7 Export statistics 6 7Asian Metal Copyright