WEEKLY: China's spot FeSi prices edge up, output keeps stable

Chinese ferrosilicon (FeSi) prices continued to strengthen during January 28-February 3, with the spot price of 75% FeSi under Mysteel's assessment reaching Yuan 5,385/tonne ($776/t) including the 13% VAT on February 3, increasing by Yuan 21/t from one week before.

Prices in the futures market also remained firm. On February 3, the most-traded FeSi contract on the Zhengzhou Commodity Exchange for delivery in March closed the daytime trading session at Yuan 5,620/t, higher by Yuan 6/t from the settlement price on January 27, according to the exchange's data. Chinese FeSi