[Ferro-Alloys.com]

This week, the domestic ferrosilicon market was running in a weak steady state. The bidding price of representative steel mills in December was set at 8600 yuan per ton, a decrease of 2400 yuan per ton compared with the previous month, and the bidding price of subsequent steel mills continued to decline, making market confidence even worse; The futures fluctuated slightly, and the spot production was generally stable, the actual transaction was ordinary, and the quotation fell down slightly under pressure. If there was no obvious positive information, the ferrosilicon market would continue to maintain a weakly stable situation in the short term.

The opening price of 2201 main contract of ferrosilicon futures this week was 8324, the highest price was 8570, the lowest price was 8152, the closing price was 8330, the settlement price was 8428, the trading volume was 352879, and the position was 48493, a decrease of 0.88%.

Below are ferrosilicon futures main contract 2201 daily specific performances of this week:

In terms of downstream steel mills, with the recovery of profits, the production increased, but under the expectation of limited production, the increment at the supply end was limited; Moreover, the weakness of the demand side was difficult to change under the influence of cold weather; Some steel mills took the lead in issuing the winter storage policy, but their enthusiasm was not as good as in previous years. The steel market may continue to operate in shock in the short term.

In terms of metal magnesium, the factory inventory continued to be low, the pressure was not great, and the magnesium price remained high and strong. However, the demand follow-up was insufficient later this week, the downstream procurement enthusiasm was relatively cautious, and the acceptance of high prices was still limited. On Friday, the ex-factory cash quotation including tax of 99.9% magnesium ingots in Fugu area was about 42000-42500 yuan per ton.

• [Editor:kangmingfei]