LME nickel price trend on October 21st

Silicon manganese alloy tender notice in October (10/22/2020).

Indian ferro silicon prices remain stable despite moderate demand from the domestic market.

Worldsteel has reviewed its Short Range Outlook (SRO) for 2020 and 2021 to show a much smaller demand decline than previously expected.

The country is also expected to remain the world's largest primary energy consumer despite slowing demand growth.

The 2101 ferrosilicon contract price on ZCE closed at 5854 yuan per ton on October 22.

Currently, the prices of imported manganese ore is also on a downside and silico manganese producers are not being able to increase the offer prices.

Xibao Group and Inner Mongolia Beikong Guanghan Environmental Engineering Co., Ltd. formally signed a contract