SunSirs: The Market Demand Was Uncertain, and Ferrosilicon Was Temporarily Operating Stably

　　Price trend

　　On the 19th, the domestic price of ferrosilicon (brand: FeSi75～B; particle size/mm: natural block) in the main plant area of Ningxia was around 16,500-17,000 RMB/ton.

　　Analysis review

　　On the 19th, the ferrosilicon market as a whole had no significant fluctuations.

　　Gansu has not curtailed electricity for the past two days; Qinghai is currently implementing four-level electricity curtailment; Ningxia Zhongwei will send electricity to the furnace on weekends, but the electricity will be curtailed from time to time, and the market electricity curtailment has eased.

　　At present, the ferrosilicon spot price is relatively high, the market sentiment is weak, the transaction is average, and the wait-and-see atmosphere is relatively strong.

　　Market outlook

　　The bidding for steel mills has not yet started in November, and the market demand is still unclear. The later focus will be on the policy and the bidding of steel mills. The spot price of ferrosilicon will be stable in the short term.