WEEKLY: China's FeSi prices hover low, output retreats

China's ferrosilicon (FeSi) prices stayed low during the past week, with the price of 75% FeSi under Mysteel's assessment standing at Yuan 5,733/tonne ($792/t) including the 13% VAT as of March 24, lower by Yuan 76/t from one week before.

As for the derivative market, the most-traded FeSi contract on the Zhengzhou Commodity Exchange for delivery in May closed the daytime trading session at Yuan 6,022/t on March 24, falling by Yuan 27/t from the settlement price on March 17, according to the exchange's data. Sentiment in the domestic FeSi