[Ferro-Alloys.com] The ferrosilicon market still ran weakly with soften demand and forcing prices down by the downstream purchasers, neither the trading volumes nor the export volumes were excellent. But on the other hand, the supply was sufficient, which led to the price down and the mood was pessimistic. Whether the coming "Golden September and Silver October" will bring some energy or not is in the air.

Steel Mills: Many listed steel mills released their Semi-annual Report but most of them showed a downtrend profit as a result of the high price of iron ore in the first half of 2019. Recently the market showed a uptrend to some extent but the upside potential would be limited. As the price of iron ore decreased, the supplies of steel products may increase, but due to weak season, the demand side was not that optimistic, and in a short term the steel market may run weakly strong.

Magnesium Metal: Kept steady. The purchasers were prudent and the inventory was sort of tight so it would keep running stably.

Silicon Metal: The price started increasing since the beginning of August, and the market got more active and was expected. But the factories were actually passive and the capacity utilization was not high, the supplies were tight. Meanwhile, purchasers were prudent. So it is necessary to watch the downstream consumes closely.

Coal and Coke: The profit of factories was not good and the demand was weak in a weak season.

Ferrosilicon Futures: Vulnerable as a whole. It may continue decreasing in a short run, but the potential of downside was limited. Relative rationality, operations with caution and interval oscillation was expected.

Below are ferrosilicon futures main contract 1909 daily specific performances:

• [Editor:kangmingfei]