Comments on the daily limit of ferrosilicon futures

Gold Ten Futures May 30th News, Guotai Junan Futures Comments: Today's ferrosilicon multi-contract rose sharply and hit the daily limit. Yesterday, the State Council issued the "2024-2025 Energy Saving and Carbon Reduction Action Plan", which mentioned that "in 2024, the energy consumption and carbon dioxide emissions per unit of GDP will be reduced by about 2.5% and 3.9% respectively. The energy consumption per unit of added value of industries above designated size will be reduced by about 3.5%. Non-fossil energy consumption will account for about 18.9%. Energy conservation and carbon reduction transformation in key areas and industries will save about 50 million tons of standard coal and reduce carbon dioxide emissions by about 130 million tons." As a traditional high-energy industry, ferrosilicon consumes about 8,000 kWh of electricity per ton of steel, and energy constraints may have certain constraints on the supply of ferrosilicon. In 2021, ferrosilicon rose sharply due to energy constraints. In the context of the increasing expectation of energy consumption control, ferrosilicon supply constraints may support prices. Later, it is necessary to pay attention to the specific details of the implementation and implementation of energy restriction policies in various places.