Ferrosilicon futures fell first and then rose this week. The opening price of 2205 main contract of ferrosilicon futures this week was 8,948, the highest price was 9,628, the lowest price was 8,828, the closing price was 9,544, the settlement price was 9,400, the trading volume was 1,072,192, and the position was 136,474, an increase of 3.58%.

Ferrosilicon futures main contract daily specific performances:

The spot market in this week was relatively strong and stable, with little inventory pressure, quotation of 72# standard block was mostly around 8600-8700 yuan per ton, and the profit was OK, Ningxia Zhongwei Zhongtai resumed an arc furnace of 33000kva on the 14^th, with a daily output of about 100 tons. It was expected that new production would be put into operation in the main production areas around March. A new round of steel tender was coming, with the concentrated release of demand, the ferrosilicon market would continue to maintain stability in the short term.

In the second working week after the Spring Festival holiday, the supply side of the domestic steel market rebounded more than expected, but it was still relatively low, and some enterprises did not resume production due to the impact of the Winter Olympics; After the Lantern Festival, the downstream terminals resumed production successively, the demand for steel recovered, and the factory inventory decreased slightly; In terms of price, the sharp drop in the price of iron ore futures has led to the decline in the price of steel, and the market mentality was poor. In the later stage, with the gradual recovery of transactions, the steel market may pick up.

As for domestic metal magnesium market this week, there was another small reversal: at the beginning of the week, the demand was cold, and the quotation fell from 42000 yuan per ton to 39000 yuan per ton. Then the demand followed up, and the quotation rose slightly to about 40000 yuan per ton; Although the supply of factories was relatively sufficient, considering the undefined environmental protection policy, it was difficult to fell sharply. On Friday, the ex-factory cash quotation including tax of 99.9% magnesium ingots in Fugu area was about 40000-41000 yuan per ton.