Today's ferrosilicon prices have no obvious fluctuations, the morning futures disk opened high and low, the afternoon disk showed an upward trend, and the market sentiment was also uncertain. At present, some factories are subject to the price approaching the cost line and are reluctant to reduce the price of shipments, but the shipment transaction price of some futures companies follows the rise and fall of the futures disk. In the short term, the ferrosilicon market or will maintain a stalemate, the lack of momentum to rise now, the downward cost still has some support, the follow-up of the July steel move will gradually advance, for the later trend, the future market also needs to pay close attention to the further trend of the futures disk and the performance of the steel mill bidding price in July. The latest data show that today's ferrosilicon 72 # market price compared to the previous trading day to see the price of no obvious fluctuations, the market is mostly in a wait-and-see state, the current mainstream quotation is maintained at 8300-8400 yuan / ton nearby. In addition, the alloy treasure index shows that today's ferrosilicon 75B price shows a slight oscillation trend compared with the previous trading day, of which, Henan, Hebei, Shandong, Jiangsu and other places cash including tax package to the price is concentrated near 8653-8869 yuan / ton, as shown in the following figure:

　Steel market: With the gradual expansion of the scope of production cuts by steel mills since the second half of June, the pressure of supply and demand contradictions is expected to ease, coupled with the oversold rebound of steel billets and futures prices last weekend, the market trading sentiment has turned better. However, the country's 11 provinces will be plagued by the rainy season, demand is difficult to rebound sharply, it is expected that short-term steel prices or continue to rise slightly.

Futures market: Today's ferrosilicon futures main 2209 contract staged first suppressed and then strong market, the highest intraday 8650 points, the lowest 8360 points, the day to reduce the position of 1910 lots, the total position of 135341 lots, the trading volume slightly reduced compared with the previous trading day, the disk recorded a Yang K line with a longer shadow line. Yesterday we have said that with the current market sentiment gradually recovered, although the short-term still can not see the obvious improvement of the demand side, but for the profit after the rapid compression of the ferrosilicon, the disk surface has the need to rebound, the same recent spot market prices tend to be stable, transactions gradually active. Technically continue to look at the rebound, operationally long orders continue to hold or dip entry layout. (For reference only)

【Summary】

On the whole, the ferrosilicon market is now in a stalemate, and the market is cautious and wait-and-see. In view of the later trend, the future market also needs to pay attention to the performance of steel mill bidding prices in July and the further trend of the futures disk.