[Steel mills tender] It is reported that in August, Jiangsu Shagang Group's tender volume of ferrosilicon 75B was 1500 tons, with a total volume of about 3000 tons. The price has not been announced, and there is a strong bearish mood.

[Spot market] This week, the operating rate of ferrosilicon enterprises and output have not changed much, and at the same time, it is reported that there are enterprises in the main production area would shut down arc furnaces for maintenance. At present, the tight spot supply situation has been eased. In the case of no obvious improvement in actual demand, the price slightly dropped, the wait-and-see sentiment continues. Pay attention to the change of steel bidding and supply-demand relationship in August.

[Ferrosilicon futures 2005 contract] Opening price of ferrosilicon futures 2005 contract of this week was 5,576, highest price was 5,650, lowest price was 5,550, closing price was 5,550 and the settlement price was 5,596. The positions were 30,127 and the trading volumes were 83,196.

[Steel market] According to the data of China Iron and Steel Industry Association, the average daily output of crude steel in the mid-July was 2.1384 million tons, with a month on month increase of 0.36% and a year-on-year increase of 5.99%; the steel inventory of key steel enterprises was 14.3818 million tons, an increase of 765900 tons (5.63%); and an increase of 4.8493 million tons over the beginning of the year, with a growth rate of 50.87%.

[Metal magnesium market] The magnesium metal market continues high-inventory, low-demand and low-price situation. The price of metal magnesium continues to decline. The current cash quotation including tax of 99.9% magnesium ingots in Fugu area was around 12800-12900 yuan per ton.