[Ferro-Alloys.com] 

[Spot Market] During the International Labour Day Holiday, the operating rate and output of domestic ferrosilicon enterprises increased slightly. In addition, the ferrosilicon plants in Baotou, Inner Mongolia were quite possible to resume production, so the supply side of ferrosilicon continued to remain stable. However, most of the manufacturers had low inventories, and the futures prices were generally higher, so the market confidence was good. But news about policy in the main production areas continues, the industry's wait-and-see sentiment ddin't reduce, in the short term the market is expected to continue to run steadily.

[Steel bidding] From the price of steel bidding that has been released, it has increased by about 250-350 yuan per ton month on month, and the situation is promising.

[Export Market] Starting on May 1, China will apply a provisional zero import tax rate on pig iron, crude steel, recycled steel raw materials, and ferrochrome, the Customs Tariff Commission of the State Council said in a circular.

Export tariffs on ferrosilicon, ferrochrome, and high-purity pig iron would be raised to 25 percent, 20 percent, and 15 percent, respectively.

And according to Ferro-Alloys.com, FOB quotation of 72# ferrosilicon was about 1425-1445 USD / T, rose vs. before the festival.

[Ferrosilicon Futures 2105 Contract] Opening price of ferrosilicon futures 2109 contract of this week was 7,400, highest price was 7,866, lowest price was 7,400, closing price was 7,688 and the settlement price was 7,714. The trading volumes were 823,112 and the positions were 148,090.

• [Editor:kangmingfei]