WEEKLY: China's FeSi prices rise, output edges up

Chinese ferrosilicon (FeSi) prices increased over February 25-March 3. Mysteel's assessment of the spot price of 75% FeSi came in at Yuan 5,419/tonne ($786/t) including the 13% VAT on March 3, growing by Yuan 116/t from one week earlier.

Prices of this ferroalloy in the derivatives market also performed strongly amid positive expectations surrounding China's crucial 'Two Sessions' political meetings in Beijing starting this Wednesday. The most-traded FeSi contract on the Zhengzhou Commodity Exchange for delivery in May closed the daytime trading session at Yuan 5,786/t on March 3,