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China's FeSi price softens on higher output

ABSTRACT

China's price of 75% grade FeSi assessed by Mysteel declined for the fourth week as of October 22, dropping by Yuan 458/tonne ($71.8/t) on week to Yuan 16,397/t including the 13% VAT. The higher output from smelters weighed on the spot prices, market sources said.
In tandem with the fall in spot prices, the most-traded FeSi futures contract on the Zhengzhou Commodity Exchange (ZCE) for January 2022 delivery closed the daytime session on October 22 at Yuan 14,104/t, down by a large Yuan 1,612/t or 10.3% from the settlement price on October 15, according to

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