WEEKLY: China's FeSi prices keep rangebound

Chinese ferrosilicon (FeSi) prices remained rangebound during the week of April 8-14 amid the wait-and-see sentiment prevailing in the domestic market. On April 14, Mysteel assessed the spot price of 75% FeSi at Yuan 5,553/tonne ($815/t) including the 13% VAT, dipping by Yuan 7/t from one week before.

FeSi prices in the derivative market lost ground during the survey week, with the most-traded contract on the Zhengzhou Commodity Exchange for delivery in July closing the daytime trading session on April 14 at Yuan 5,714/t, lower by Yuan 170/t from the settlement price on April 7, according to