This week, the domestic ferrosilicon market continued to be weak, the Futures was consolidated in a narrow range.

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The 2209 ferrosilicon contract price on ZCE closed at 8014 yuan per ton on July 8.

Ferro-silicon prices have lately consolidated at €2,450-2,600/t ddp, down by 38pc since early May.

European high-carbon ferro-manganese prices were assessed down at €1,250-1,425/t ddp on 5 July, while silico-manganese sat at a marginal discount of €1,250-1,400/t ddp.

Prices across Europe's ferro-chrome suite extended their losses on 5 July, as offers for imported alloy put additional downside pressure on the depreciating market.

Prices across Europe's ferro-chrome suite extended their losses on 5 July, as offers for imported alloy put additional downside pressure on the depreciating market.

¡°We don¡¯t expect this to drag on much longer than a couple of months,¡± he anticipated.