HBIS Group's tender price for ferrosilicon 72# was 7580 CNY/T in May, a decrease of 300 CNY/T compared to the previous month.

A Weekly Review of Manganese Alloy Market （4.23-4.28）

Downstream demand and transactions remained lackluster, and the domestic ferrosilicon market continued to operate weakly and steadily this week

Driven by the soaring price of downstream magnesium metal, the price of 75# ferrosilicon has climbed to around 8200-8400 CNY/T.

Due to stable production and insufficient follow-up of internal and external demand, the ferrosilicon market continued to weaken in the first quarter of 2023.

The profits of manufacturers have shrunk, and the more and more enterprises started regular servicing and production reducing.

This week, the market of Ferrosilicon Futures continued to decline, and rebounded on Friday.

The market of Ferrosilicon Futures fell significantly again this week.