WEEKLY: China FeSi prices weaken, sales remain dull

China's ferrosilicon (FeSi) prices lost ground during the period of October 13-19, mainly due to the retreat in the futures market and sparse spot sales, Mysteel Global learned.

On October 19, Mysteel assessed the spot price of 75% FeSi at Yuan 5,769/tonne ($864/t) including the 13% VAT, lower by Yuan 42/t from one week earlier. FeSi prices in the derivative market have weakened recently, aggravating the wait-and-see market sentiment and driving down prices for spot sales. On Monday,