1. Since, the supply of ferrosilicon has been at a high level, and the output of ferrosilicon has reached the highest level in history. At present, the output of ferrosilicon in summer can still be maintained at about 530,000-540,000 tons.

2. From June 5438 to March 2022, the export demand of ferrosilicon surged, which formed a good support for the price of ferrosilicon. In April, the overseas demand feedback performance of export traders was not as good as that in March. On the whole, the decline in export demand is a foregone conclusion.

3. The delivery warehouse inventory has been maintained at a high level, and the manufacturer's quotation is firm. Many steel mills choose futures market prices to drive delivery warehouses to ship. With the continuous decline in spot prices, manufacturers' quotations have also begun to decline, and the decline rate of delivery warehouses is not particularly fast.