Ferroalloy spot network (July 24): At the beginning of the week, the quotation of ferrosilicon market was temporarily stable. Last week, driven by the increase in the price of ferrosilicon by large ferrosilicon enterprises, the quotations of ferrosilicon in various producing areas followed suit. After all, there are many favorable factors for ferrosilicon in today's market, so it is imperative to raise prices. In addition, Xiangtan Iron and Steel took the lead in finalizing the bidding price of ferrosilicon in August. The acceptance price including tax is 6520 yuan/ton, up by 370 yuan/ton compared with July, and the bidding volume is 900 tons. This week, steel mills will start bidding for ferrosilicon one after another, but in August, the tone of the bidding price trend of ferrosilicon in steel mills has become more obvious.

Relevant personnel statistics show that the market price of Inner Mongolia ferrosilicon 75# is 6 100-6300 yuan/ton, Gansu ferrosilicon 75# is 6000-6200 yuan/ton, Qinghai ferrosilicon 75# is 6 100-6300 yuan/ton, and Ningxia ferrosilicon 75# is the market price.