WEEKLY: China's FeSi prices recover slightly on cost support

Chinese ferrosilicon (FeSi) prices increased slightly during the week of June 30-July 6, with the spot price of 75% FeSi under Mysteel's assessment reaching Yuan 5,656/tonne ($832/t) including the 13% VAT on July 6, up by Yuan 28/t from one week earlier.

The electricity costs being borne by smelters in Northwest China's Ningxia have increased, lifting the production costs of local smelters but also boosting sentiment in the domestic FeSi market. Smelters in other major production bases raised their offers as well to ease their losses, Mysteel Global learned. FeSi prices in