Improving sentiment supports FeSi price stability

China’s domestic ferrosilicon prices have finally bottomed and have started to show signs of recovering, with the price of 75% grade FeSi reversing up Yuan 38/tonne ($5.6/t) week on week to Yuan 5,826/t as of January 16, according to Mysteel’s database.

The rise in the domestic FeSi price was the first for a month and was mainly the consequence of an improvement in market sentiment due to the rise in the price of semi-coke, a substitute for metallurgical coke used in the production of FeSi. The semi-coke price has suddenly strengthened following a coal mine