The ferrosilicon market is weak and stable

Spot side

The futures market is weak, and the spot price of ferrosilicon is stable. At present, the market is in a wait-and-see mood, and the downstream is not willing to actively stock up in the short term. The price of 72 ferrosilicon natural blocks is 6350-6450 yuan/ton, and the price of 75 ferrosilicon natural blocks is 7000 yuan/ton.

Futures side

Today, ferrosilicon futures fluctuated downward, and the main contract futures 2409 closed down 2.63%, closing at 6596, down 178.

Demand side

The terminal demand performance in the off-season has always been weak, and the recent decline in molten iron production has been bearish for the raw material side ferrosilicon market. The overall order situation of downstream traders is relatively general at present, and inventory replenishment is maintained on demand.

Traders

The downstream of the Anyang traders market is not willing to stock up ferrosilicon, and purchases are cautious. The tax-free price of 72 ferrosilicon natural blocks is about 6200 yuan/ton, and the tax-free price of 75 ferrosilicon natural blocks is 6500 yuan/ton.

Outlook on the future market

In general, the market is still in the off-season, and under the influence of the hot and rainy weather, it is difficult for the demand side to perform well. In the short term, the sentiment of the ferrosilicon market is unstable, the spot market follows the fluctuations of the futures market, and the downstream terminals purchase on demand, and take a cautious wait-and-see view on the future ferrosilicon market.