On 9, June, in Shenmu, Semi Coke Group Ltd.co, issued notify to adjust its price, which suggested each subsidiary corporation to execute ex-factory(tax) price as small and middle raw material 1200/t, large raw material 1300/t. 

[Bidding] In June, the bidding situation tends to better, and mostly bidding price are increase around 700-900 yuan/t.

[Spot market] According to the investigate from ferro-alloy, corporation in Zhongwei, Ningxia province, related to silicon-ferro, have started shut down, which will pose an effect on 38-thousand-ton ferrosilicon production a month. At present, the most factories in Neimeng, Gansu, Ningxia and Qinghai are short in stock. The booding have been scheduled for July, and the price of 72# block was between 8000-8500, its validity is less than 24h, predicting that with a big probability, the spot market will run smoothly in a short term.

[Steel market] This week, volatility in steel market, up and down were intertwined. Output was stable, consumption was grown and stock was decrease, the market maybe volatility in small degree in short term.

[Magnesium] Owing to the reduce demand of downstream business, the price of magnesium goes down slightly, however consider the basically cost and stock shortage, the price of magnesium is not likely to goes down. By the effect of buy grow, not low, downstream buyers are waiting for the subsequent development. The price will continually be fluctuating in small range. Keeps eye on it. Currently, the magnesium price soared by 1000 yuan per ton. Current cash quotation including tax of 99.9% magnesium ingots in Fugu area was more than 19000 yuan per ton.

 

[Futures] Opening price of ferrosilicon futures 2109 contract of this week was 8,728, highest price was 8,758, lowest price was 8452, closing price was 8,634 and the settlement price was 8,616. The trading volumes were 2,003,416 and the positions were 303,899.