WEEKLY: China FeSi prices remain firm on cost support

Chinese ferrosilicon (FeSi) prices kept rising during the period of September 1-7, mainly supported by the higher production costs the domestic smelters are incurring from rising prices of semi-coke and other raw materials, Mysteel Global learned.

On September 7, Mysteel assessed spot price of 75% FeSi at Yuan 6,077/tonne ($905/t) including the 13% VAT, climbing by a substantial Yuan 281/t on week and marking the highest since February 18 last year. Prices in the derivative market also remained strong overall, with the most-traded FeSi contract on