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Rail freight of coal and ore also posted robust year-on-year growth in the first half of this year in Xinjiang.

The trade volume from January to May totaled 172 billion yuan ($24.3 billion), an increase of 21.1 percent over the same period last year.

The overall ferrosilicon futures market rose slightly (the last trading day fell slightly), and the spot market was stable.

During the covid-19 epidemic, the export growth of steel and iron ore was significantly higher than that of automobile.

Information from the RBA's capex survey and the bank's liaison programme indicate that investment is expected to increase slightly over the year ahead as work on iron ore and coal projects increase.