[Ferro-Alloys.com]

Spot Market:

The ferrosilicon market continued weak performance this week. HBIS released its tender notice on Tuesday, the price kept flat but the volume decreased. Compared to the weak demand, the supply was sort of exceeded with the increase of the capacity utilization rate and the inventory. Some of the factories lowered their prices to make deals. It was expected that the market would be weakly steady in a short term.

Steel: After a long time of weak run, recently, many steel mills reduced their outputs or slowed their trading  on their own or passively, due to typhoon, high temperature weather, the falling steel price, and the coming National Day, etc. With the declined production and inventory, the market was getting warm, and the price increased slightly. But the demand was still not as expected, deals at high price was poor, it may kept steady in a short term.

Magnesium Metal: The price increased slightly and the market kept strong steady with low inventory and tight supply. It may run strong steady in the short run.

Silicon Metal: The asking price was strong this week but was not increased apparently. Factories produced under cost pressure and the capacity utilization rate was low. People expected the market would stay strong but it still would be dependent on the terminal's actual demand.

Coke: Strong and steady. The second round of price-increase came true in the main and the factories' enthusiasm was brought out. But due to the restriction of output by environmental protect, the production would be less. The flat capacity utilization rate and inventories as well as the co-ordination of supply and demand make the market in a better mood.

Futures Market:

The ferrosilicon futures market was better than the previous two weeks, and the most-traded September Ferrosilicon Contract price increased occasionally. But as a whole, it was still weak and volatile. It may be difficult to rocket in a short run.

Below are ferrosilicon futures main contract 1909 daily specific performances:

• [Editor:kangmingfei]