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Under so many negative factors, manufacturers' confidence was insufficient, and their production enthusiasm for was further reduced.

The steel market situation was poor, the magnesium market situation was loose, the ferrosilicon quotation declined slightly again this week.

A Weekly Review of Manganese Alloy Market

HBIS Group's tender price for ferrosilicon 72# was 7580 CNY/T in May, a decrease of 300 CNY/T compared to the previous month.

A Weekly Review of Manganese Alloy Market （4.23-4.28）

Downstream demand and transactions remained lackluster, and the domestic ferrosilicon market continued to operate weakly and steadily this week

Driven by the soaring price of downstream magnesium metal, the price of 75# ferrosilicon has climbed to around 8200-8400 CNY/T.

Due to stable production and insufficient follow-up of internal and external demand, the ferrosilicon market continued to weaken in the first quarter of 2023.