The ferrosilicon market is operating at a weak level.

Affected by the weakening market, the spot transaction price of ferrosilicon fell. The price of 72 ferrosilicon natural blocks is 7,000 yuan/ton, and the price of 75 ferrosilicon natural blocks is 7,800-7,900 yuan/ton, but the transaction price is low.

Today, some manufacturers have suspended quotations due to increased production pressure and insufficient inventory. The manufacturers are in a strong state of mind, and the overall price is weak. The price of 72 ferrosilicon natural blocks is 7,050-7,150 yuan/ton, the price of 72 ferrosilicon standard blocks is 7,150-7,200 yuan/ton, and the price of 75 ferrosilicon is suspended mainly for delivery orders.

As the market continues to fall today, ferrosilicon manufacturers are in a wait-and-see mood. The Qinghai Energy Efficiency Conference has little impact on the market. At present, manufacturers are producing in an orderly manner, with tight single periods and high delivery pressure. The price of 72 ferrosilicon natural blocks is 7,150-7,200 yuan/ton. The price of 75 ferrosilicon natural blocks is 7,800-7,900 yuan/ton.

Ferrosilicon futures fell continuously today, and the main contract futures 2409 closed down 2.58% to 7172, down 190.

The steel prices of downstream steel mills fell, and demand showed a weak trend. The overall purchase was cautious, and a certain amount of inventory was maintained. However, with the arrival of the centralized procurement of steel bidding in June, the demand for ferrosilicon is about to start to strengthen. The latest steel bidding: On June 4, the bidding price of ferrosilicon of a steel mill in Fujian was 7,500 yuan/ton, the quantity was 2,700 tons, and half acceptance and half cash were delivered to the factory including tax; on June 3, the bidding price of ferrosilicon of a steel mill in Shandong was 7,750 yuan/ton, the quantity was 3,000 tons, and the acceptance was delivered to the factory including tax.

The market sentiment of Anyang traders is low, and there is a small amount of hoarding. The price of 72 ferrosilicon natural block is about 7,100 yuan/ton excluding tax, and the price of 75 ferrosilicon natural block is 7,300 yuan/ton excluding tax.

Ferrosilicon futures have been weakening continuously, and the market price performance is relatively chaotic. Coupled with Hegang's steel recruitment inquiry, the market trading atmosphere is cautious in advance, and the steel recruitment situation has attracted much attention. At present, the market has returned to the fundamentals. In the short term, the ferrosilicon market may show a weak performance.