In October, the tender price of ferrosilicon of HBIS Group rose 650 CNY/T month on month to 8850 CNY/T, which greatly improved the market confidence.

The price of semi-coke on the cost side increased, which also supported the market.

This week, the ferrosilicon Futures fluctuated downward, and the spot price rose by a small margin of around 100 yuan per ton.

This week, the ferrosilicon Futures market rose again, the spot price fluctuated lightly, and the supply side was generally stable.

At present, the production recovery in the production area was slow, the supply was relatively low, and the transaction was light.

In addition, the cost of electricity and scrap steel affected the commencement of steel plants, thus suppressing the demand for ferrosilicon.

This week, the main contracts of Ferrosilicon Futures rose and the spot price was temporarily stable.

The ferrosilicon market has been in a continuous downturn recently, and the Futures in the last week fell sharply below expectations.