WEEKLY: China's FeSi prices strengthen on cost support

Chinese ferrosilicon (FeSi) prices continued to strengthen during August 18-24, mainly thanks to the cost support from the firm raw material prices such as semi-coke, Mysteel Global learned.

As of August 24, the spot price of 75% FeSi was assessed by Mysteel at Yuan 5,709/tonne ($849/t) including the 13% VAT, rising by Yuan 18/t from one week before. FeSi prices in the derivatives market remained strong, with the most-traded contract on the Zhengzhou Commodity Exchange for delivery in