[Steel tender] Since HBIS Group released its ferrosilicon 75B tender price with an increase of 180 yuan per ton to 5930 yuan per ton, the steel mills in North China issued their tender price with an increase of 180 yuan per ton mostly.

[Spot market] This week, the ferrosilicon spot prices in the main production areas have little change compared with the previous two weeks. According to Ferro-alloys.com, the price of 72# ferrosilicon of some large factories in the Northwest China is about 5600-5650 yuan per ton, while some large factories do not offer price temporarily due to lack of spots currently. While the spot price of 72# ferrosilicon in Anyang market is 5750-5850 yuan per ton. Although most of plants are still on supply tightness, the steel bidding price in June is a little bit lower than expected, the enthusiasm of traders is not high under the condition of shrinking profits, the operating rate of production enterprises gradually recovers, and the futures market falls, all of which have more or less impacted on the spot market, and the market sentiment seems to be slightly weaker than that at the end of May. We will continue to focus on changes in both supply and demand.

[Ferrosilicon futures 2005 contract] Opening price of ferrosilicon futures 2005 contract of this week was 5866, highest price was 5888, lowest price was 5614, closing price was 5692 and the settlement price was 5698. The positions were 45391 and the trading volumes were 220302.

[Steel market] According to industry data, the steel composite price index fell to its lowest point in the year to date at the end of April, and then rose in May and June. Some steel mills said that the price increase in July was mainly due to the pressure on the cost side such as iron ore, while the end demand was the main support for steel prices. Considering the impact of high temperature and rainy season on the demand side and the export restrictions brought by the overseas epidemic, the industry is more cautious about the future steel price increasing and the sustainability of the price increasing, but they also said that "we should be based on ourselves".

[Metal magnesium market] Export is limited due to the impact of overseas epidemic. Although the domestic transactions are slightly flat, the price is temporarily stable due to the support of ferrosilicon. The current cash quotation including tax of 99.9% magnesium ingots in Fugu area was around 13300 yuan per ton.

• [Editor:kangmingfei]