WEEKLY: China's FeSi prices strengthen, output at 2-month low

Chinese ferrosilicon (FeSi) prices recovered during the week of August 4-10, with the spot price of 75% FeSi under Mysteel's assessment standing at Yuan 5,670/tonne ($840/t) including the 13% VAT on August 10, increasing by Yuan 62/t from one week before.

Market sentiment improved as some FeSi smelters slowed production or suspended operation given their losses on sales, leading to a decline in output. Mysteel's latest weekly survey showed that over July 31-August 6, the combined daily production of FeSi among the 136 independent smelters across China under its tracking averaged