This week, the ferrosilicon futures market continued to fluctuate at a low level, leading to a lack of confidence in the spot market.

During the traditional off-season, the demand has further weakened.

Under the influence of bearish factors, the sentiment of the ferrosilicon spot market was relatively cautious.

Downstream demand has entered a seasonal weakening phase, with insufficient demand for steel, stable and slightly lower prices for magnesium metal.

The cost side remained stable, and according to calculations, some companies in certain regions had already incurred losses.

In November, HBIS Group tendered 1863 tons of 75B ferrosilicon, a decrease of 1447 tons compared to October.

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

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