WEEKLY: China's FeSi prices fluctuate, sentiment softens

Chinese ferrosilicon (FeSi) prices fluctuated during the week of June 16-22, with the spot price of 75% FeSi under Mysteel's assessment reaching Yuan 5,632/tonne ($831/t) including the 13% VAT on June 22, up Yuan 6/t on week, though down Yuan 39/t from the recent high on June 16.

China's spot FeSi prices showed early signs of weakening as market sentiment softened amid poor performance in the futures market. On Monday, the most-traded September FeSi contract on the Zhengzhou Commodity Exchange closed the daytime trading session at Yuan 5,656/t, down Yuan 130/t from the settlement price on June 15,