WEEKLY: China's FeSi prices remain rangebound

Chinese ferrosilicon (FeSi) prices stayed rangebound during the week of July 21-27, with the spot price of 75% FeSi under Mysteel's assessment standing at Yuan 5,672/tonne ($838/t) including the 13% VAT on July 27, dipping by Yuan 9/t from one week before.

FeSi prices in the futures market also strengthened, suggesting improved market sentiment. On July 27, the most-traded FeSi contract on the Zhengzhou Commodity Exchange for delivery in September closed the daytime trading session at Yuan 5,896/t, higher by Yuan 94/t from the settlement price on July 20, according to