After returning from the Qingming Festival holiday, ferrosilicon futures continued to rise sharply, the spot quotation followed up, and the transaction was gradually better. The spot became tighter, the market confidence was boosted, and most of them were optimistic with the near future. At present, the ferrosilicon production remains stable, the manufacturers have high production enthusiasm, and the supply continues to be high; The price of raw material semi-cole rose, and the ex-factory price was 1700-1800 yuan per ton; Downstream, with the gradual recovery of steel mill demand, as well the export situation in the first quarter was good, the market sentiment was relatively bullish. In terms of steel tender, HBIS Group released its ferrosilicon volume in April with 2080 tons and a price of 10050 yuan per ton; Minyuan Steel Group released its ferrosilicon volume in April with 2000 tons and a price of 10150 yuan per ton.

This week, the opening price of 2205 main contract was 10,280, the highest price was 10,848, the lowest price was 10,126, the closing price was 10,770, the settlement price was 10,664, the trading volume was 575,168, and the position was 128,400, an increase of 7.10%.

Downstream, CISA released data on the 7th. In late March 2022, key iron and steel enterprises produced 23.7611 million tons of crude steel, with a daily output of 2.1601 million tons, an increase of 5.41% month on month; Inventory of key iron and steel enterprises was 16.6199 million tons, a decrease of 504900 tons or 2.95% over the previous ten days; An increase of 519300 tons or 3.23% over the end of last month; An increase of 5.3231 million tons over the beginning of the year, an increase of 47.12%; An increase of 1.9132 million tons over the same period last year, an increase of 13.01%. In March this year, the inventory removal speed of steel mills was significantly lower than that in the same period last year, which needs continuous attention.

In April, the domestic metal magnesium market continued to operate in a relatively stable state. The stock of the supply side warehouse rebounded as a whole compared with the previous period. The downstream demand procurement was less than expected, mainly on-demand procurement, and there were problems such as traffic congestion and poor delivery. However, the capital pressure on the factory side was small, and the impact of relevant policy information was also expected, the willingness to stabilize the price was still strong. On Friday, the ex-factory cash quotation including tax of 99.9% magnesium ingots in Fugu area was about 39500-40500 yuan per ton.