Spot side
The market transaction is general, there is no obvious change on the raw material side, the downstream purchasing demand is weak, and the market as a whole maintains rigid demand. The price of 72 ferrosilicon natural block is 6200-6300 yuan/ton, and the price of 75 ferrosilicon natural block is 6750-6850 yuan/ton.
Futures side
Ferrosilicon futures fluctuated today, and the main contract futures 2410 closed up 0.44%, closing at 6420, up 28.
Demand side
Ferrosilicon futures rose strongly, driving the ferrosilicon market to improve. The number of inquiries and prices in the ferrosilicon spot market increased, but the terminal demand did not actually improve, and the transaction was less than expected.
Traders
The market transaction of Anyang traders is general, and the inventory of ferrosilicon has gradually increased. The tax-free price of 72 ferrosilicon natural block is about 5900-6000 yuan/ton, and the tax-free price of 75 ferrosilicon natural block is 6400-6500 yuan/ton.
Market outlook
Today, the sentiment of the ferrosilicon market sector has warmed up, but the fundamentals are still relatively weak, demand is marginally weakening, and the overall downward pressure on the market still exists. The news of interest rate cuts has not brought substantial benefits to the market. It is expected that the ferrosilicon market will continue to show a weak and volatile trend in the future.
