[Market trend] The latest Ferrosilicon Standard GB / T 2272-2020 will be implemented on September 1, 2020, when all the standards of GB / T 2272-2009 will be replaced, according to Announcement No. 14 issued by Standardization Administration.

[Steel mills tender] The bidding price of 75B ferrosilicon in July of HBIS Group was 6100 yuan per ton, up 170 yuan per ton month on month. However, the bidding price of some steel mills announced later has a trend of falling quietly, which has affected the market mentality more or less.

[Spot market] This week, the ferrosilicon market continued running stably, with little price change. The price of 72% ferrosilicon was about 5650-5750 yuan per ton. Spot inventory is still low. However, the high level of delivery warehouse inventory has broken through 100000 tons, and the main 2009 contract futures market has declined slightly. In addition, the operate rate of ferrosilicon plants is gradually increasing, and the steel bidding price in the later stage is lower than expected. In the short term, the market price may be slightly loose, and there is a strong wait-and-see mood.

[Ferrosilicon futures 2005 contract] Opening price of ferrosilicon futures 2005 contract of this week was 5,816, highest price was 5,928, lowest price was 5,702, closing price was 5,712 and the settlement price was 5,726. The positions were 32,669 and the trading volumes were 143,544.

[Steel market] Iron ore price remained high, and steel prices relatively stay strong. However, seasonal factors have a greater impact on demand than expected. According to the data released by the price monitoring center of National Development and Reform Commission, the expected sales price index and purchase price expectation index of the steel wholesale market in July were 43.8% and 50.9% respectively, down 6% and 3.3% respectively compared with the previous month, reflecting that the market mentality tends to be cautious, and the steel price, especially the sales price trend, is expected to weaken in July.

[Metal magnesium market] Metal magnesium market is in the off-season, the volume of trading decreased and the price was weak.The current cash quotation including tax of 99.9% magnesium ingots in Fugu area was around 12900-13000 yuan per ton.