Chinese magnesium metal prices have rebounded following a fall earlier this week as producers raised their offer prices in response to tighter spot availability.

Demand usually picks up during the Indian festivals of Dussehra and Diwali, which is celebrated in October and November, respectively.

The 2201 ferrosilicon contract price on ZCE closed at 12004 yuan per ton on September 16.

The tone of steel bidding in September was established last Friday with the bidding price of HBIS Group at 10700 yuan per ton.

These are higher-value tonnages than many large iron ore shipments.

These are higher-value tonnages than many large iron ore shipments.

The 2201 ferrosilicon contract price on ZCE closed at 12054 yuan per ton on September 15.

The 2201 silicomanganese contract price on ZCE closed at 9892 yuan per ton on September 15.