[Spot market] This week, the inquiry and purchasing atmosphere of the ferrosilicon market was gradually active, the factories is still in short supply. The operating rate of steel plants was high, and the demand side has supports. Since Thursday, the closing price of Ferrosilicon futures main contract 2009 rose by about 200 yuan per ton and the volume doubled. However, analysts of ferroalloy.com believe that the impact of the futures market on the spot market still needs to continue to focus on the changes in both sides of the spot supply and demand.

[Ferrosilicon futures 2005 contract] Opening price of ferrosilicon futures 2005 contract of this week was 5680, highest price was 6128, lowest price was 5660, closing price was 6098 and the settlement price was 6086. The positions were 47089 and the trading volumes were 289822.

[Steel market] In June, the rainstorm in the South and the high temperature in the north had a great impact on the national engineering construction, and the demand for steel, especially for construction steel such as screw steel and wire rod, was significantly reduced. Due to good profits, the enthusiasm of steel production is still high. According to the data of CISA, this month's key statistics show that the average daily crude steel output of steel enterprises is 2.1092 million tons, an increase of 2.80% on a month on month basis and 2.36% on a year-on-year basis.

[Metal magnesium market] The current cash quotation including tax of 99.9% magnesium ingots in Fugu area was around 13100-13200 yuan per ton.

• [Editor:kangmingfei]