Steel tender prices continued to decline; The metal magnesium market was also relatively weak, with difficult demand releasing, and the market sentiment was relatively low.

The spot price of ferrosilicon was supported by the rising cost of raw materials, and the tender price was higher than market expectations, further driving up positive sentiment.

The basic contradiction between supply and demand still existed.

In the first half of 2023, the domestic ferrosilicon market weakened as a whole.

In April, the domestic ferrosilicon market continued its weak trend, with Futures fluctuating and falling below a new low for the year.

After the Spring Festival, the performance of the ferrosilicon market was weaker than expected.

However, considering the factors such as the gradual resumption of construction and other terminals and the expected good demand for replenishment after the festival, the ferrosilicon market was expected to rebound.

In December, the inventory was still tight. Under the environment of better profits, the production remained stable, with high enthusiasm.