Downstream support was insufficient, and the speed of ferrosilicon shipment has slowed down, leading to a growing cautious wait-and-see sentiment.

The 2311 ferrosilicon contract price on ZCE closed at 7166 yuan per ton on October 12.

The 2311 ferrosilicon contract price on ZCE closed at 7340 yuan per ton on October 9.

The spot price of ferrosilicon was supported by the rising cost of raw materials, and the tender price was higher than market expectations, further driving up positive sentiment.

The 2311 ferrosilicon contract price on ZCE closed at 7528 yuan per ton on September 27.

The 2311 ferrosilicon contract price on ZCE closed at 7500 yuan per ton on September 26.

The 2311 ferrosilicon contract price on ZCE closed at 7484 yuan per ton on September 25.

Supported by multiple positive factors, the domestic ferrosilicon market has shown good confidence this week.