[Ferro-Alloys.com] 

[Spot Market] At the beginning of March, there were several ferrosilicon plants in Inner Mongolia shut down their furnaces for one month, which greatly boosted the market sentiment; the futures market rose and the downstream inquiry and purchasing atmosphere was still relatively active, the manufacturers' confidence continued, and enthusiasm for starting operation in other major producing areas was relatively high, then the supply side continued to be stable.

In the second  half of the month, due to the strict environmental protection and emission reduction policies in Tangshan and other regions, the output of some steel plants has been reduced, and considering the high ferroalloys inventory in some steel plants, the demand for ferrosilicon was reduced in the short term. The futures market continued to decline, which had an impact on the mentality of the spot market. The spot price began to suffer a pullback, inventories in some delivery warehouse and some factories have gradually accumulated, and the domestic ferrosilicon market was under pressure. The steel bidding in April was delayed, and the known bidding price fell around 300-500 yuan per ton month on month, further aggravating the cautious wait-and-see mood. At the same time, Ferro-alloys.com also found that the foreign inquiries of ferrosilicon increased this month compared with before, and the FOB quotation of ferrosilicon export fluctuated but was relatively high. Pay attention to the changes of output and downstream demand in main production areas. Pay attention to the progress of environmental protection policy and the information of representative steel plants.

[Ferrosilicon Futures 2105 Contract] Opening price of ferrosilicon futures 2105 contract in March was 8,004, highest price was 8,386, lowest price was 6,606, closing price was 6,666 and the settlement price was 6,658. The trading volumes were 6,805,612 and the positions were 134,680.