This week, the futures market saw a slight consolidation, and with increased support on the cost side, the released demand for replenishment from steel mills before the holiday, the spot price operated firmly.

This week, the futures market continued to rise, injecting confidence into the sluggish ferrosilicon market.

Since the end of March, the futures market has continued to rise, boosting industry confidence to a certain extent and showing signs of recovery in the spot market...

Downstream demand and transactions were poor, and the ferrosilicon market operated under pressure.

This week, the ferrosilicon futures market continued to fluctuate at a low level, leading to a lack of confidence in the spot market.

During the traditional off-season, the demand has further weakened.

Under the influence of bearish factors, the sentiment of the ferrosilicon spot market was relatively cautious.

Downstream demand has entered a seasonal weakening phase, with insufficient demand for steel, stable and slightly lower prices for magnesium metal.