The 2306 ferrosilicon contract price on ZCE closed at 7510 yuan per ton on May 15.

Iron-ore futures wobbled on Friday and were on track for weekly losses due to waning optimism over prospects for demand recovery in top steel producer and metals consumer China, with additional pressure from rebounding supplies from Australia and Brazil.

May 11 - China's GEM Co Ltd , a battery and material recycler, announced on Thursday a $500 million joint investment to build a nickel project in Indonesia.

Thailand's economy expanded 2.7% in the first quarter from a year earlier, official data showed on Monday, faster than expectations, as private consumption and tourism rebounded.

A Weekly Review of Manganese Alloy Market

The 2306 ferrosilicon contract price on ZCE closed at 7314 yuan per ton on May 12.

HBIS Group's tender price for ferrosilicon 72# was 7580 CNY/T in May, a decrease of 300 CNY/T compared to the previous month.

In the week ending on May 6, 2023, US domestic raw steel production was 1,712,000 net tons while the capability utilization rate was 76.1 percent.