Weak demand leads to a decline in the price of ferrosilicon in China

This week, the Chinese ferrosilicon market experienced a downturn, and Hainan West Asia Group summarized the following factors as the main factors affecting it:

1. The price of ferrosilicon has fallen:

2. The sluggish spot market and limited trading activities have weakened market vitality

3. Weak demand in the steel market, with steel mills showing lower purchasing interest

Hainan West Asia Group predicts that the limited demand and cautious market sentiment in the stainless steel industry are expected to continue to affect the trading volume of ferrosilicon