WEEKLY: Higher costs lift China's FeSi prices

Despite the weakness of demand, Chinese ferrosilicon (FeSi) prices recovered slightly over December 10-16, mainly supported by the higher production costs being borne by domestic smelters, Mysteel Global learned.

On December 16, Mysteel assessed the spot price of 75% FeSi at Yuan 5,241/tonne ($744/t) including the 13% VAT, up by Yuan 15/t from one week before. Prices of the ferroalloy in the derivative market have also remained firm, with the most-traded FeSi contract on the Zhengzhou Commodity Exchange for