WEEKLY: Higher production costs support China's FeSi prices

Chinese ferrosilicon (FeSi) prices kept rangebound during May 27-June 2, with the spot price of 75% FeSi under Mysteel's assessment standing at Yuan 5,645/tonne ($835/t) including the 13% VAT on June 2, edging up by Yuan 4/t from one week earlier.

Domestic FeSi smelters are trying to raise their offers of this ferroalloy, as their production costs climb higher with a further rise seen in the prices of semi-coke. The recent surge of this material is mainly driven by the broad suspension of coal mining operations in North China's Shanxi