[Ferro-Alloys.com]

The market of Ferrosilicon Futures fell significantly again this week. The opening price of 2305 main contract was 8058, the highest price was 8074, the lowest price was 7742, the closing price was 7772, the settlement price was 7840, the trading volume was 921761, and the position was 199340, with a drop of 4.54%. The tender price of HBIS Group in March was 8150 CNY/T, with a month-on-month decrease of 280 CNY/T and a volume of 1583 tons, with a month-on-month increase of 117 tons; At present, the market transaction was light and the inventory remained relatively high. Under the pattern of "high inventory and low demand", the manufacturers have successively reduced production, and the mood was relatively low. The short-term ferrosilicon market was still dominated by weak trend. Focus on the trend of Futures market and the change of supply-demand relationship.

Below are Ferrosilicon Futures main contract daily specific performances:

Downstream, according to the data of the CISA, in late February, the key steel enterprises produced 17.7616 million tons of crude steel, with a daily output of 2.2202 million tons, an increase of 6.09%; The inventory of key steel enterprises was 17.4199 million tons, a decrease of 2.1101 million tons and 10.80% compared with the previous ten days. With the gradual improvement of the transaction and the continuous rising of the Futures market, the steel mills were willing to produce and the mood was optimistic. However, it was still necessary to pay attention to the actual strength of demand and changes in the supply-demand relationship, and take into account the complex and volatile international environment, it's not easy for the steel market to continue to rise.

In the middle and later stages of this week, the domestic magnesium market has gradually stopped falling and stabilized, but the contradiction between supply and demand was still prominent. Although the recent transaction has improved, the situation of weak downstream demand was difficult to change, and it's hard for the price to rise significantly; Considering that the current magnesium price was close to the cost line of the factory, it wouldn't drop significantly, either. On Friday, the mainstream ex-factory cash quotation including tax of 99.9% magnesium ingots was about 20500-20700 CNY/T.

• [Editor:kangmingfei]