[Ferro-Alloys.com]

Ferrosilicon futures fluctuated upward this week, and the spot market was weak and stable, most downstream purchases were cautious, and few transactions at high prices. At present, the ferrosilicon supply side remained stable and the production was normal. The output was expected to reach 550000 tons in March. However, many manufacturers still said that especially 75# ferrosilicon had a large contract volume, and the overseas demand situation was still good. Since March, due to the implementation of control in many places, the transportation was limited, and some silica enterprises in some production areas have begun to stop work, which may have an impact on the ferrosilicon production end; In addition, relevant policies of semi-coke also need real-time attention.

This week, the opening price of 2205 main contract was 9,390, the highest price was 9,780, the lowest price was 9,150, the closing price was 9,740, the settlement price was 9,594, the trading volume was 737,323, and the position was 113,652, an increase of 3.33%.

This week, the domestic metal magnesium market operated stably, which was also affected by transportation constraints and delivery difficulties; there were few overall transactions. The downstream demand was weak and the favorable factors were few. The factories considered the impact of environmental protection policies and had a strong willingness to stabilize the price. The supply and demand sides were still in the game, and the short-term magnesium market may continue to be stable. On Friday, the ex-factory cash quotation including tax of 99.9% magnesium ingots in Fugu area was about 40000-41000 yuan per ton.

• [Editor:kangmingfei]