WEEKLY: China's FeSi prices decline further as costs weaken

China's ferrosilicon (FeSi) prices continued to soften during March 3-10, mainly due to weaker cost support and bearish sentiment in both the spot and derivatives markets, Mysteel Global learned.

On March 10, Mysteel assessed the price of 75% FeSi at Yuan 5,865/tonne ($811.1/t), down Yuan 93/t from the previous week for the fourth consecutive weekly decline and making for the lowest level since December 2020. Similarly, futures prices followed suit, with the most-traded May FeSi contract on the Zhengzhou