[Ferro-Alloys.com]

This week, the price of Ferrosilicon Futures rose, the spot price of 72# ferrosilicon did not change much, and the price of 75# ferrosilicon declined due to the weakening of the downstream magnesium metal market. The price of raw material, semi-coke, dropped by about 100 CNY/T. It was understood that the price of semi-coke in different regions ranged from 1650-1700 CNY/T. The production situation in the production area was basically stable. There were 7 ferrosilicon furnaces put into production in an enterprise in Ningxia. It was expected that the ferrosilicon output would continue to rise in November. At present, the steel recruitment in November was coming to an end, the market was relatively calm, the transaction was light, and the cautious wait-and-see mood was strong. Although the manufacturers generally said that the inventory was low or even there was no inventory at present, they need to be careful against the accumulation of inventory under the pattern of stable supply and sluggish downstream demand.

This week, the price of Ferrosilicon Futures rose as a whole. The opening price of 2301 main contract was 8518, the highest price was 8690, the lowest price was 8316, the closing price was 8672, the settlement price was 8612, the trading volume was 927026, and the position was 210215, up 2.65%.

Below are Ferrosilicon Futures main contract daily specific performances: