WEEKLY: China's FeSi prices climb to 8-month high

Chinese ferrosilicon (FeSi) prices strengthened further during the week of March 18-24, buoyed by positive market sentiment, with the spot price of 75% FeSi under Mysteel's assessment touching an eight-month high of Yuan 5,706/tonne ($829/t) including the 13% VAT on March 24, increasing by Yuan 95/t from one week before.

FeSi prices in the futures market also increased, with the most-traded contract on the Zhengzhou Commodity Exchange for delivery in May closing the daytime trading session on March 24 at Yuan 6,100/t, higher by Yuan 174/t from the settlement price on March 17, according to the exchange's data. Many market