[SMM Express] at one point in the morning, ferrosilicon broke through 7300 and refreshed its high since August 2018.

In the wake of the rally in ferrosilicon futures this morning, the main ferrosilicon contract rose high, rising nearly 4% to 7356 yuan / ton at one point, setting a new high since August 2018, but then gradually fell back. As of 10:20, the main ferrosilicon contract was at 7178 yuan / ton, the increase narrowed to 4.44%.

It is reported that some magnesium factories in Shaanxi are planning to reduce the production of Lanchan carbon and magnesium ingot Synchronize by 35% because of environmental protection and high coal prices. It is reported that according to the "Emergency notice on the decisive Battle of the Blue Sky Defense Battle in the whole Province" (Shaanxi Government Office (2020) No. 35). Document requirements. From December 19 to 31, the province-wide "decisive battle 14 days, win 41 micrograms of blue sky defense operation." It is required that during this emergency response period, the combustion of bulk coal and biomass, the transportation of high-emission vehicles and earthwork should be strictly prohibited, and the measures of stopping production and off-peak production should be strictly implemented to minimize the intensity of pollution emission.

Yi de Futures believes that due to the impact of production restrictions on blue charcoal in the Shenfu area, the ex-factory of blue charcoal rose to 1150 yuan / ton, and the ferrosilicon disk was adjusted back after setting a new high due to the decline of the overall commodity. Lanchan carbon raw material thermal coal has peaked under the influence of national policy, and the price of Lanchan carbon has peaked in the near future. the electricity charge in Ningxia has decreased by 0.26 points after January, and the cost of ferrosilicon has shown a downward trend in the first quarter. 01 contract around the January steel price game, the recent warehouse receipt continuous outflow beware of increasing willingness to receive goods, it is recommended to wait and see mainly. The dynamic valuation of contract 7200 is on the neutral side, driven by the continuing tension at the spot end of ferrosilicon and the mismatch expectations of high ferrosilicon demand and capacity bottlenecks next year. Non-holders are cautious to chase more and beware of rapid profit reduction.