The Market Price Of Ferrosilicon Fluctuated in October

In October, the price of ferrosilicon rose first and then fell.  Firstly, the epidemic in the production area affected logistics. Secondly, the price of electricity increased. Thirdly, the spot market was tight. 

The ferrosilicon period is now significantly higher, which pushes the price of steel to rise gradually.

The resumption of production furnace is also gradually increasing, and the production started to rise. 

But as the dust settles, China's macroeconomic operation is poor, while foreign Federal Reserve continues to raise interest rates,  so the overall market is pessimistic. 

Ferrosilicon, rebar and other black products rapidly decline.The market sentiment turned bad and market price fell transaction turned weak. 

At the end of the mainstream market price in 72#7900-8000,75#8900-9100 yuan/ton cash natural block factory.