WEEKLY: China's FeSi price shows signs of softening

China's ferrosilicon (FeSi) market is showing signs of losing momentum, with the price on February 11 retreating after rising for three consecutive days and with the derivatives market also turning bearish.

Mysteel's latest assessment indicated that on Tuesday the price of 75% FeSi dropped by Yuan 12.9/tonne ($1.8/t) from Monday? to settle at Yuan 6,108.5/t, despite a week-on-week increase of Yuan 38.2/t. The FeSi market had shown some improvement following the end of the Chinese New Year (CNY) holiday on February