Driven by the positive mood, the ferrosilicon futures market rallied at a high level from Monday to Thursday, and rose 4.38% on Friday, April 15. The weekly opening price of 2205 main contract was 10600, the highest price was 10938, the lowest price was 10170, the closing price was 10914, the settlement price was 10672, the trading volume was 761759, and the position was 50789, an increase of 2.34%. The spot price rises along with the futures. 72# standard blocks were mostly about 9800-10000 yuan per ton, and 75 standard blocks were mostly about 10000-12000 yuan per ton. Downstream, the demand of steel mills was delayed and can be expected in the future; Although the enthusiasm of overseas demand has decreased, the inquiry situation was still good. In view of the current favorable overall situation, the operating rate has increased.

Downstream, in terms of steel market, due to various uncertain factors, the production adding of steel mills was limited, the delivery situation has not improved significantly, and the inventory was accumulated. According to the data of China Iron and Steel Association, in early April 2022, key iron and steel enterprises produced 22.2396 million tons of crude steel, with a daily output of 2.224 million tons, an increase of 2.96% month on month. The steel inventory was 18.4881 million tons (the highest since this year), an increase of 1.8681 million tons or 11.24% over the previous ten days. An increase of 1.8 million tons or 10.83% over the same period last month; An increase of 7.1912 million tons over the beginning of the year, an increase of 63.66%; An increase of 2.9924 million tons over the same period last year, an increase of 19.31%. 604200 tons more than last year's peak (17.88 million tons in early March), an increase of 3.38%.

This week, the domestic metal magnesium market continued to fall, the supply side operated steadily, the inventory was relatively abundant, the demand side continued to be depressed, the transaction was so-so, coupled with the blocked freight, poor logistics, cautious procurement, and the short-term pressure on the magnesium market was obvious. On Friday, the ex-factory cash quotation including tax of 99.9% magnesium ingots was about 36000-37000 yuan per ton.