ferro silicon is running weakly and steadily

Ferrosilicon this morning mainstream quotation 72 8500-8600, 75 9100-9300, 65 8200 yuan / ton cash natural block factory, the actual single bargaining, manufacturer feedback transaction in general, basically based on small orders, downstream wait and see the price. The overall economic situation is poor, the demand performance is sluggish, and the market lacks confidence.

Yesterday, Kungang finalized the purchase price of June at 9290/9360 yuan / ton, which was not much volatile compared with last week's supplementary bid price of 9320 yuan / ton. Jinshenglan Hubei 8860 yuan / ton, Guangdong 9030 yuan / ton cash, down 140-210 yuan / ton from last week.

Today's magnesium ingot mainstream quotation in 30,000 yuan / ton cash factory, and the beginning of the week fell by 3,000-4,000 yuan / ton, magnesium market supply and demand pattern has not changed, the demand is sluggish Magnesium plant has inventory, the downstream price pressure is obvious, magnesium plant let the price transaction.

The sharp decline in the price of ferrosilicon in May, both domestic and foreign factors, external factors are mainly due to the Federal Reserve interest rate hikes, currency tightening caused by the downturn in financial markets, the second is the reduction in the increase in export volume caused by the international war, and the internal factors are mainly the reduction in the operation of downstream terminals caused by the epidemic, and the decrease in demand. Follow-up market, pay attention to the demand recovery after the gradual unsealing of the East China region, in the short term, ferrosilicon will still be in a weak and stable state.