SunSirs: Weekly Report of Ferrosilicon Market (5.22-5.26)
May 30 2023 09:43:49On May 29th, the benchmark price of ferrosilicon in SunSirs was 7018.57 RMB/ton, a decrease of -5.97% compared to the beginning of this month (7464.29 RMB/ton).
At the beginning of this week, ferrosilicon futures plummeted, mainly influenced by emotions such as coal black outside, with bears dominating. The spot price has decreased by 50-100 RMB/ton compared to last week.
According to the Commodity Market Analysis System of SunSirs, on May 19th, the market price of ferrosilicon (grade: FeSi75-B; particle size grade/mm: natural block) in Ningxia was around 7050-6950 RMB/ton, with an average market price of 7018 RMB/ton, an increase of 0.85% compared to the beginning of the week.
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