WEEKLY: Wait-and-see sentiment keep China's FeSi prices rangebound

Chinese ferrosilicon (FeSi) prices stayed rangebound during the week of April 22-28 amid the wait-and-see sentiment prevailing in the domestic market. On April 28, Mysteel assessed the spot price of 75% FeSi at Yuan 5,575/tonne ($815/t) including the 13% VAT, edging up Yuan 12/t from one week before.

FeSi prices in the derivative market also remained firm overall, with the most-traded contract on the Zhengzhou Commodity Exchange for delivery in July closing the daytime trading session on April 28 at Yuan 5,766/t, higher by Yuan 24/t from the settlement price on April 21, according to the exchange's