This week, the domestic ferrosilicon market continued to operate weakly, and the progress of steel bidding was slow. The bidding volume of representative steel mills decreased sharply by 1051 tons to 398 tons in December. Some steel mills announced steel bidding prices, mostly around 8800-8900 yuan per ton, which seriously affected market confidence; The futures was still down, driving the spot price down slightly. At present, although there was peak shifting, furnace shutdown and maintenance in the production area, the production and supply were generally stable, while the downstream demand support was weak, and the negative factors were still dominant. Pay attention to the bidding price of representative steel mills and the changes of futures market.

Downstream, due to seasonal influence, the demand for steel in December was still not prominent; Under the influence of factors such as limited production in winter, uncertain demand and unsatisfactory price, the trend in the later stage was more cautious. It was expected that the steel market would still be weak in the short term.

This week, the domestic metal magnesium market operated steadily, the inventory of factories remained low, and the downstream demand followed up. At present, most of them had a strong willingness to raise the price. However, the transaction was relatively mild, and the probability of substantial price increase was not large. In the short term, it’s mainly expected to maintain stability. On Friday, the ex-factory cash quotation including tax of 99.9% magnesium ingots in Fugu area was about 40000 yuan per ton.

The opening price of 2201 main contract of ferrosilicon futures this week was 8,780, the highest price was 8,950, the lowest price was 8,154, the closing price was 8,324, the settlement price was 8,404, the trading volume was 559,516, and the position was 74,266, an decrease of -5.04%.

Below are ferrosilicon futures main contract 2201 daily specific performances of this week: