The 2109 ferrosilicon contract price on ZCE closed at 7966 yuan per ton on May 17.

China's foreign trade expanded 28.5 percent year-on-year to 11.62 trillion yuan ($1.8 trillion) in the January-April period.

The 2109 ferrosilicon contract price on ZCE closed at 8062 yuan per ton on May 14.

The 2109 ferrosilicon contract price on ZCE closed at 7952 yuan per ton on May 13.

"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.

China's foreign trade has extended its growth momentum during the first four months.

The company's order intake increased by 14 percent year-on-year and reached 8.6 billion euros.

Positive factors have driven the market sentiment of ferrosilicon to be good