Downstream demand and transactions remained lackluster, and the domestic ferrosilicon market continued to operate weakly and steadily this week

Driven by the soaring price of downstream magnesium metal, the price of 75# ferrosilicon has climbed to around 8200-8400 CNY/T.

Due to stable production and insufficient follow-up of internal and external demand, the ferrosilicon market continued to weaken in the first quarter of 2023.

The profits of manufacturers have shrunk, and the more and more enterprises started regular servicing and production reducing.

This week, the market of Ferrosilicon Futures continued to decline, and rebounded on Friday.

The market of Ferrosilicon Futures fell significantly again this week.

This week, the ferrosilicon Futures turned upside down, and the long-depressed mood was relieved.

HBIS Group's tender price for 75B ferrosilicon in February was 8430 CNY/T, down 320 CNY/T from the previous month, less than expected.