WEEKLY: Positive sentiment keeps China's FeSi prices firm

Chinese ferrosilicon (FeSi) prices continued to rise during the week of March 4-10, with the spot price of 75% FeSi under Mysteel's assessment climbing to Yuan 5,556/tonne ($808/t) including the 13% VAT by March 10, higher by Yuan 137/t from one week before.

FeSi prices in the futures market remained strong, evidencing the positive sentiment prevailing in the domestic market. On March 10, the most-traded FeSi contract on the Zhengzhou Commodity Exchange for delivery in May closed the daytime trading session at Yuan 5,876/t, increasing by Yuan 112/t from the settlement price