[Ferro-Alloys.com] 

[Steel tender] This week, HBIS Group released its 75B ferrosilicon bidding document in June, with a bidding volume of 1436 tons, an increase of 374 tons compared with May; the first round of inquiry was 5850 yuan per ton, with a month on month increase of 100 yuan per ton (generally, the final bidding price will be slightly higher than this). The 75B bidding price of Fujian Sangang Group was set as 5930 yuan per ton, with a month on month increase of 150 yuan per ton and its bidding volume was 3500 tons. So far, the bidding tone of ferrosilicon in June has been set, and the increase of bidding price in the later stage will be lower than the general expectation.

[Spot market] At present, ferrosilicon market is still in short supply, and manufacturers have no inventory pressure for the time being, so they are willing to hold up the price. However, the bidding price of big steel plant is lower than the general expectation, and most of the downstream purchasers are waiting and see. This week's ferrosilicon price is basically the same as last week, and it is expected to maintain stable in the short term. There are many insiders who think that the future market can still be promising, but we also need to pay close attention to the situation of manufacturers' resumption of production, changes in downstream demand and possible changes in electricity cost in some major production areas.

[Ferrosilicon futures 2005 contract] Opening price of ferrosilicon futures 2005 contract of this week was 5786, highest price was 5896, lowest price was 5752, closing price was 5842 and the settlement price was 5848. The positions were 45178 and the trading volumes were 183891.

Below are ferrosilicon futures main contract 2009 daily specific performances:

[Steel market] Statistics of CISA: in late May, the steel inventory of key steel enterprises was 13.286 million tons, a decrease of 1.5972 million tons or 10.73% compared with the previous ten day, and an increase of 3.7536 million tons or 39.38% compared with the beginning of the year. Although the inventory was lower, in the environment of rising raw material cost and shrinking profit space, the production enthusiasm of steel enterprises is not reduced and the supply pressure is still large. However, in June, the downstream demand of steel market may slow down, and the steel market may face wide fluctuations, but it is expected that the overall trend is still to increase. According to the World Steel Association, the recovery of China's steel demand will become more obvious in the second half of 2020, and it predicted that "China's steel demand will increase by 1.0% in 2020".

[Metal magnesium market] The current cash quotation including tax of 99.9% magnesium ingots in Fugu area was around 13300 yuan per ton.