MONTHLY: China FeSi prices pressured as cost support wavers in March

China's ferrosilicon (FeSi) market remained under pressure this past month, weighed down by declining raw material costs, sluggish downstream demand, and rising inventories. These negative factors are expected to continue exerting downward pressure on FeSi prices in March, Mysteel Global noted.

On March 11, Mysteel assessed the price of China's 75% FeSi at Yuan 5,856/tonne ($808/t), down Yuan 252.5/t from February 11 and marking the lowest level since December 2020. The spot price of FeSi closely tracked futures movements, with the most-traded FeSi contract on the Zhengzhou Commodity Exchange for May