[Spot market] At present, the overall inventory of ferrosilicon is low, and the spot is tightening, but the transaction performance is general, and the overall stability is maintained, with little change. Manufacturers in the main producing areas have plans to resume production, and the atmosphere of price rise is strong, while the prices of some large factories are relatively low. Pay attention to the change of manufacturer's operating rate and downstream demand.

[Ferrosilicon futures 2005 contract] Opening price of ferrosilicon futures 2005 contract of this week was 5840, highest price was 5878, lowest price was 5774, closing price was 5846 and the settlement price was 5820. The positions were 54009 and the trading volumes were 268844.

Below are ferrosilicon futures main contract 2005 daily specific performances in this week:

[Steel market] At present, various industries resume production and construction, long process steel plants maintain stable production, short process steel plants resume production rapidly, steel production and sales are booming, and inventory is further reduced. In early May, the social inventory of 5 varieties of steel in 20 cities was 14.98 million tons, down 1270 thousand tons (7.8%) from last ten days, and up 8160 thousand tons (119.7%) vs. the beginning of 2020, according to data of CISA. According to the analysis, affected by supply, demand and futures, the construction steel market may continue to show an upward trend of oscillation in the middle and late May.

[Metal Magnesium market] The manufacturer's inventory pressure is not great and are not willing to deal with low price, but the enthusiasm of downstream procurement is weakened. Currently, the current cash quotation including tax of 99.9% magnesium ingots in fugu area was around 13200-13250 yuan per ton.

• [Editor:kangmingfei]