Main factors affecting the price change of ferrosilicon futures contract
1, raw material price, ferrosilicon is an iron alloy synthesized from silicon, iron and coke, and its price is naturally affected by the prices of raw materials such as iron, silicon and coke. As the price of raw materials rises, the cost of synthesizing ferrosilicon will increase, and so will the price of ferrosilicon.
2, ferrosilicon output, ferrosilicon output, determines the supply of ferrosilicon in the market, will affect the market price of ferrosilicon.
3. Import and export volume, the import and export volume of ferrosilicon in China will also affect the domestic ferrosilicon price.
4. National policies. A series of related policies issued by the state will also affect the price of ferrosilicon, such as environmental protection policies and import and export tariffs on ferrosilicon.