[Ferro-Alloys.com]

[Spot Market] In the early April, there was news of production resumption in Ningxia and Inner Mongolia; bidding information of  steel mills was delayed, and the market lacked of confidence; the futures market was low, which was unsupported for the spot market; and despite the release of relevant policy notices, overhaul of large plants, mine suspension and other news, the influence on the spot market was small, the supply side continued to be stable, but the actual transaction was general, and the spot price continued to decline.

From April 15, the main futures contracts rose sharply, boosting the spot market, increasing the activity of inquiry and stabilizing the price. By the late April, the domestic ferrosilicon market was stable and running well, the futures market was rising overall, and the factory quotation was callback. The export volume of ferrosilicon increased significantly in March, which also brought more confidence to the ferrosilicon market. The steel bidding in May started, and the price increased by about 200-400 yuan per ton month on month. At present, the inventory of ferrosilicon plant is generally low, and the confidence is not bad. It is expected that it will continue to run stably in the short term. Follow the impact of bidding price of representative steel mills and the progress of energy consumption and environmental protection policies in main production areas on the industry.

[Ferrosilicon Futures 2105 Contract] Opening price of ferrosilicon futures 2105 contract in April was 6,912, highest price was 7,722, lowest price was 6,752, closing price was 7,414 and the settlement price was 7,522. The trading volumes were 3,675,273 and the positions were 132,597.

• [Editor:kangmingfei]