WEEKLY: China's FeSi prices remain firm

Chinese ferrosilicon (FeSi) prices firmed further during the week of December 24-30, with the spot price of 75% FeSi under Mysteel's assessment reaching Yuan 5,330/tonne ($763/t) including the 13% VAT on December 30, rising by Yuan 39/t from one week before.

Prices of the ferroalloy in the derivative market remained strong, encouraging domestic smelters to raise their offering prices which caused FeSi prices for spot sales to climb, Mysteel Global learned. On Tuesday, the most-traded FeSi contract on the Zhengzhou Commodity Exchange for delivery in March 2026 closed the daytime trading