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China’s ferrosilicon prices at historical high

ABSTRACT

China’s price of 75% grade FeSi assessed by Mysteel reached a historical high of Yuan 11,850/tonne ($1,832/t) including the 13% VAT as of September 18, jumping by Yuan 1,360/t from September 13. The limited output from smelters and firm demand from steelmakers pushed up FeSi prices, market sources said.
On September 16, smelters in Northwest China’s Shaanxi province were requested to cut production to adhere to Beijing’s call for reduction in both energy consumption and energy intensity, which took effective starting September 22, as reported. Most market participants anticipated that additional intensified production curbs will be imposed on smelters in

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