[Ferro-Alloys.com] 

[Steel Tender] Ferrosilicon tender moving slowly and the big steel mill haven’t released its notice. But it’s expected a decrease on price.

[Spot market] Ferrosilicon inventories reached 400 thousand tons in March at its highest and the price declined sharply. And as more and more enterprises resumed work, the downstream demand and deals showed a slight increase, plus some big plants have cut their production, the inventories consumed to a certain extent and the market was in a better mood. But the demand hasn’t recovered entirely and the ferrosilicon market would be running weakly in a short run.

 [Ferrosilicon Futures 2009 contract] Opening price of ferrosilicon futures 2005 contract was 5396, highest price was 5608, lowest price was 5366, closing price was 5578 and the settlement price was 5560. The positions were 23544 and the trading volumes were 108206.

Below are ferrosilicon futures main contract 2009 daily specific performances in this week:

[Steel] Although some mills still need to cut production in some regions, the capacity utilization rate getting better and the inventories are still high, the market was under some pressure and expected to run weakly in a short term.

[Metal Magnesium] The market was also expected to be weak in a short run with the soft demand, low price and positive factors.

• [Editor:kangmingfei]