WEEKLY: China's FeSi prices remain firm

Chinese ferrosilicon (FeSi) prices remained firm overall during January 7-13, with the spot price of 75% FeSi under Mysteel's assessment standing at Yuan 5,381/tonne ($771/t) including the 13% VAT on January 13. This was higher by Yuan 70/t from one week earlier, even though the price had retreated by Yuan 32/t from that on January 8.

Transactions in the physical market slowed during the survey period, as buyers were cautious about placing new orders amid the softening market sentiment triggered by the retreat in FeSi futures, Mysteel Global learned. On January 13, the most-traded FeSi contract on the Zhengzhou Commodity Exchange for delivery in March closed the