WEEKLY: China's FeSi prices keep rangebound amid wait-and-see sentiment

China's ferrosilicon (FeSi) prices kept rangebound over the past week with the wait-and-see sentiment prevailing in the domestic market. As of July 8, the spot price of 75% FeSi under Mysteel's assessment came in at Yuan 5,208/tonne ($726/t) including the 13% VAT, still higher by Yuan 55/t on week though it had retreated by Yuan 11/t from the day prior.

As for the derivatives market, the most-traded FeSi contract on the Zhengzhou Commodity Exchange for delivery in September weakened for the third consecutive trading day to close the daytime trading session on July 8 at Yuan 5,350/t, while it was still Yuan 92/t higher than the settlement price on