This week, the ferrosilicon futures market continued to fluctuate at a low level, leading to a lack of confidence in the spot market.

The total trading volume of 2403 contract on the exchange was 102388 lots, with a turnover of about 3413.1102 million yuan.

The total trading volume of 2403 contract on the exchange was 164876 lots, with a turnover of about 5521.3345 million yuan.

The total trading volume of 2403 contract on the exchange was109611 lots, with a turnover of about 3676.0423 million yuan.

Chrome producer Merafe has reported that its attributable ferrochrome production from the Glencore Merafe Chrome Venture in the fourth quarter ended December 31 was 75 000 t, compared with the 97 000 t produced in the fourth quarter of 2022.

During the traditional off-season, the demand has further weakened.

Research firm BMI has revised downward its nickel price forecast for this year to $20 000/t from $20 600/t as the market remains in a supply glut.

The total trading volume of 2403 contract on the exchange was 116477 lots, with a turnover of about 39.5.7845 million yuan.