On April 10, SunSirs' benchmark price for ferrosilicon was 7571.43 RMB/ton, which was -0.28% lower than that at the beginning of this month (7592.86 RMB/ton).
Generally speaking, the ferrosilicon market is going down, traders' purchasing sentiment is lowered, steel mills will also intentionally curb purchasing efficiency, and the inventory will remain low. The price of ferrosilicon is weak, and the market as a whole is on the sidelines. Next week, the market will digest inventory and steel mills will concentrate on bidding. It is expected that the spot price of ferrosilicon may run weakly and stably.
