[Ferro-Alloys.com] 

[Bidding Information] HBIS Group released its ferrosilicon bidding volume and price with 2000 tons and 7600 yuan per ton.

[Spot Market] According to the online research of Ferro-alloys.com, some ferrosilicon enterprises in Baotou area are currently in the state of shutdown, and it is not clear whether the furnace can be started as scheduled in the later period. According to market news, two ferrosilicon plants in Ordos region shut down their of their furnaces of 25000kVA and below this week; and a ferrosilicon plant in Ningxia successfully started up its 63000KVA ferrosilicon furnace, with an estimated dailly output of more than 200 tons. In terms of manufacturers, considering the "unstable market and other reasons", most of them do not offer for the time being. Some enterprises offer different prices, with a large gap, but the overall price remains firm. In March, the steel bidding started one after another, and the situation is still good. We are optimistic about the downstream inquiry procurement. At the same time, we also found that foreign inquiries for ferrosilicon have increased compared with before, and the FOB quotation for ferrosilicon has increased by about 50 US dollars per ton to 1500-1525 yuan per ton. Pay attention to the changes of output and downstream demand in main production areas.

[Ferrosilicon Futures 2105 Contract] Opening price of ferrosilicon futures 2105 contract of this week was 8,166, highest price was 8,386, lowest price was 7,542, closing price was 7,552 and the settlement price was 7,718. The trading volumes were 2,183,168 and the positions were 199,164.

[Steel Market] Domestic social inventory of steel down slightly this week, which was for the first time after the Spring Festival, and the point of inflection was earlier than before as expected. This week, both the production and the apparent demand were up slightly. Production restriction policy in Tangshan area was more and more strict, and the resumption of downstream industry was getting more, may be the rebound momentum for the steel industry.

[Magnesium Market] This week, the domestic magnesium market remained stable as a whole. On one hand, with the support of raw materials such as ferrosilicon, the manufacturers were in a strong mood to support the price. On the other hand, there were not many transactions in the market, and the magnesium price was not strong enough. It is expected that it will still be stable in the short term. Current cash quotation including tax of 99.9% magnesium ingots in Fugu area was around 15400-15600 yuan per ton.