[Ferro-Alloys.com] 

[Steel tender] The steel bidding situation in July was further improved, the bidding volume of ferrosilicon 75B of HBIS Group was 2096 tons, increased by 660 tons on a month on month basis, and the first round inquiry price was 6050 yuan per ton (the final bidding price should be slightly higher than this), with a month on month increase of 120 yuan per ton.

[Ferrosilicon exports] According to data of China Customs, China exported 27781.63 tons of ferrosilicon (>55%) in May, down 32.41% vs. last month and down 23.82% year on year. In Jan-May, China exported a total of 144697.159 tons of ferrosilicon (>55%), down 24.62% year on year. In May, China exported 1203.5 tons of ferrosilicon (≤55%), down 38.59% than last month and down 54.24% year on year. In Jan-May, China exported a total of 8603.775 tons of ferrosilicon (≤55%), a year-on-year decrease of 41.02%.

[Spot market] In June, the ferrosilicon market continued to rise steadily, with strong willingness of manufacturers to support prices, under the circumstances that the inquiry and procurement was active, the demand for steel bidding increased, and most of the factories still said that they did not have spot production. 72# ferrosilicon of some plants in Ningxia, Gansu and other major production areas quoted about 5700-5800 yuan per ton, and some plants in Ningxia, Inner Mongolia and other regions said that they would not offer for the time being due to the lack of stock. The futures market showed a downward trend in late June, which was expected, but made the spot price rise slightly cautious and optimistic.

[Ferrosilicon Futures 2005 contract] Opening price of ferrosilicon futures 2005 contract of June was 5,786, highest price was 6,176, lowest price was 5,614, closing price was 5,856 and the settlement price was 5,900. The positions were 39,340 and the trading volumes were 856,098.

[Steel market] Under the influence of supply side growth (the average daily crude steel output of key steel enterprises in mid-June was 2.423 million tons, with a month on month increase of 1.57% and a year-on-year increase of 3.74%) and a decrease in demand side (affected by climate and other factors, the downstream demand declined), the steel price fluctuated slightly in June. In late June, in order to ensure the air quality, Tangshan City started to cut the production of iron and steel, which will have an impact on the steel supply, form a certain positive for the rise of steel prices, and also reduce the demand for upstream raw materials. It is expected that the prices of raw materials in the following period may have certain downward space, and the steel market demand may be suppressed first and then increased in July.

[Metal Magnesium market] The current cash quotation including tax of 99.9% magnesium ingots in fugu area was around 13300 yuan per ton.

• [Editor:kangmingfei]