WEEKLY: China's spot FeSi prices weaken slightly

Chinese ferrosilicon (FeSi) prices weakened slightly during January 14-20 in response to the wait-and-see sentiment prevailing in the domestic market. On January 20, Mysteel assessed the spot price of 75% FeSi at Yuan 5,350/tonne ($769/t) including the 13% VAT, down by Yuan 31/t from one week before.

Prices in the derivative market witnessed a sharp fall during the week, with the most-traded FeSi contract on the Zhengzhou Commodity Exchange for delivery in March closing the daytime trading session at Yuan 5,552/t on January 20, lower by Yuan 152/t from the settlement price on January 13, according