WEEKLY: Decline in supply stabilizes China's FeSi prices

Chinese ferrosilicon (FeSi) smelters have scaled back production in recent weeks, responding to weaker spot prices and tepid downstream demand. This reduction in output has helped alleviate some of the pressure on the market, contributing to the stabilization of FeSi prices, according to Mysteel Global.

On January 6, Mysteel assessed the price index of 75% FeSi at Yuan 6,010.9/tonne ($820.1/t), unchanged from December 27 and still at the lowest level in over four years, since December 2020. Domestic smelters have been reducing their production rates for six consecutive weeks, with output during the week of