The spot market in this week was relatively strong and stable, with little inventory pressure.

In the first working week of the Year of the Tiger, the ferrosilicon futures continued to fluctuate.

Although the Spring Festival is approaching and the market turnover is weakening, many people in the industry are optimistic about the market trend after the festival (especially after March).

Production Report for the fourth quarter ended 31 December 2021

As for the downstream, KISC took the lead in releasing the tender price of 75B ferrosilicon in February, which was 9050 yuan per ton.

The ministry has already directed the public sector undertakings (PSUs) and private players to take measures to cut imports of special steel.

Driven by many factors, the ferrosilicon futures market rose rapidly this week, which led to the increase of spot quotation, greatly boosted market confidence.

In the first week in 2022, the domestic ferrosilicon market continued to operate steadily.