WEEKLY: China's FeSi prices stay rangebound, output rises further

Chinese ferrosilicon (FeSi) prices remained rangebound during the week of April 15-21, with the spot price of 75% FeSi under Mysteel's assessment standing at Yuan 5,563/tonne ($816/t) including the 13% VAT on April 21. This was higher by Yuan 10/t from one week earlier, even though the price had retreated slightly by Yuan 8/t from that on April 16.

FeSi prices in the derivative market also moved within a narrow range during the week. On Tuesday, the most-traded FeSi contract on the Zhengzhou Commodity Exchange for delivery in July closed the daytime trading session at Yuan 5,710/t, up by a tiny Yuan 4/t from the settlement price on