The main factors affecting ferrosilicon price fluctuations are as follows:

1. Raw Material Prices. Ferrosilicon is an iron alloy synthesized from silicon, iron, and coke. Its price is naturally affected by the prices of raw materials such as iron, silicon, and coke. Increased raw material prices increase the cost of synthesizing ferrosilicon, thus raising its price.

2. Ferrosilicon Production. The production volume of ferrosilicon determines the supply in the market, thereby affecting its market price.

3. Import and Export Volume. The volume of ferrosilicon imports and exports also affects its price.

4. Government Policies. A series of relevant government policies also influence ferrosilicon prices, such as environmental protection policies and ferrosilicon import and export tariffs.