Overall, cold weather is gradually approaching, especially as the northern market is about to enter the traditional off-season for demand, under the guidance of negative news, it is expected that the short-term market will continue to operate weakly and conso...

Analysts from Ferroalloy.com believed that the expected peak season in October was still in place, and the post-holiday market was still worth looking forward to.

At the beginning of the month, driven by news of some manufacturers in the main production areas shutting down their furnaces, the futures market briefly rose.

At the beginning of June, the market quickly fell below the limit, and then continued to slide and consolidate, returning to rationality.

On the morning of May 30th, the main contract of ferrosilicon futures rose the limit up in response, with a highest price of 7824 CNY/T, an increase of 8.01%; On the 31st, the market closed at 8108 CNY/T, up 5.27%.

Since the end of March, the futures market has continued to rise, injecting confidence into the long sluggish ferrosilicon market.

In the traditional off-season, the demand side further weakened. Under the influence of bearish factors, the ferrosilicon futures market was fluctuating downward, and the spot market was operating under pressure.

The overall production was stable, and the impact of relevant policies in Qinghai, Ningxia, and Inner Mongolia regions was not yet significant.