At present, the production recovery in the production area was slow, the supply was relatively low, and the transaction was light.

In addition, the cost of electricity and scrap steel affected the commencement of steel plants, thus suppressing the demand for ferrosilicon.

This week, the main contracts of Ferrosilicon Futures rose and the spot price was temporarily stable.

The ferrosilicon market has been in a continuous downturn recently, and the Futures in the last week fell sharply below expectations.

Futures fell sharply, impacting the spot market.

This week, the domestic ferrosilicon market continued to be weak, the Futures was consolidated in a narrow range.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer, and some agricultural products mainly used for processing.

This week, the ferrosilicon market was weak, the futures fell continuously and by a large margin, the spot quotation followed the decline.