Ferro silicon market conditions in early April
Recently, the number of furnaces reduced and shut down in ferro silicon plants is relatively small, and the supply of ferro silicon is basically stable. The ferro silicon futures market rebounded slightly, and the spot price of ferro silicon 72 did not change much. The transaction orders were average, and the downstream price was obviously lowered. However, driven by the price of magnesium metal, the price of ferro silicon 75 is relatively chaotic, with an obvious trend of price increase.
It is expected that the ferro silicon 72 market will run stably temporarily, and the ferro silicon 75 needs to pay attention to the transaction volume and the shutdown of magnesium plants at the end of the month.