【February 21th Silicon Manganese, Ferrosilicon, Ferrochrome Alloy Index】
【Today's Confidence Index】
Brief analysis: silicon manganese: today's silicon manganese price rose by 100 yuan / ton, the mainstream quotation is near 7900-8100 yuan / ton, under the cost support, the mentality of the silicon manganese industry is relatively firm. Ferrosilicon: The current ferrosilicon market has risen slightly, and the market price of ferrosilicon 72# is near 8600-8800 yuan / ton. Ferrochrome: At the beginning of the week, there was no significant change in the high-carbon ferrochrome market, of which the mainstream quotation was maintained at around 8500-8600 yuan / ton; the positive factors in the industry were highlighted, and most of the industry was optimistic about the future market.
【Today's Transaction Index】
Brief analysis: silicon manganese: in the futures disk trend, market sentiment has improved. However, the market transaction performance is average, and the market needs to be further clarified. Ferrosilicon: On the one hand, in the recent Announcement on the Elimination of Backward Production Capacity in Inner Mongolia, the futures disk has risen, which has boosted the mood in the industry. However, the transaction has not kept up, and some traders are mainly waiting and seeing. The overall performance of the market is relatively calm, and the future market still needs to pay attention to the situation of a new round of steel mills. Ferrochrome: The current high-carbon ferrochrome prices maintain a stable operation, and the industry's inquiry procurement performance is more general, but under the support of the cost side, the willingness to reduce the price is not strong. At the same time, with the end of the month approaching, the industry's eyes are gathering on a new round of steel moves. Therefore, most of the operators are on the sidelines, and there is no significant change in the whole.
【Current basis difference statistics of silicon manganese and ferrosilicon period today】
【Technical】
Today's silicon manganese futures main 2205 contract continued to rebound, this morning after a small high opening all the way to the shock upwards, at the 8450 line of stagnation, and then the shock ran to the close. Intraday highest point 8480 points, the lowest point 8270 points, the position volume of the day to reduce the position of 1069 lots, the total position of 142241 hands, the volume of trading slightly reduced compared with the previous trading day, and finally recorded a Medium Yang K line with a longer lower shadow line, technically, MACD effective green column turned red, yesterday's forecast: marginal cost support is effective, 8000 a line is a strong support, today's strong shock is in line with expectations. The actual transaction of the spot market is average, maintaining yesterday's view: under the support of cost, the range is mainly strong. Operation suggestion: small position operation, and do a good job of take profit and stop loss.
Today's ferrosilicon futures main 2205 contract out of the high shock market, the highest intraday 9620 points, the lowest 9342 points, the day to reduce the position of 2981 lots, the total position of 133493 hands, the volume is basically flat compared with the previous transaction, the disk recorded a yin K line with a longer lower shadow line. Recently, the Inner Mongolia region announced an announcement on the elimination of backward production capacity, which affected the strong trend of the ferrosilicon market, and the superimposed other black series also performed strongly. From a technical point of view, the recent continuous test of the previous highs, the amount of energy slightly amplified, the future market still has a large probability of out of the recent new high, the operation is still recommended to do more on the dip. (For reference only)
【Fundamentals】
Silicon manganese: Overall, the current silicon manganese market sentiment has been boosted. With the demand in a recovery trend, follow-up needs to pay attention to the changes in the industry's transactions and raw material costs. Ferrosilicon: In the short term, although the futures performance is strong, the announcement of the inner Mongolia region on the elimination of backward production capacity and other news has boosted the confidence of the industry. However, some industries believe that there is a lack of substantial upward factors, and it is expected that the ferrosilicon market may be dominated by shock consolidation. For more silicon manganese, ferrosilicon, ferrochrome market, please continue to pay attention to ferroalloy spot network.