This week, the ferrosilicon market is still running stably, higher cost and tight spot and the downstream demand side is also strong, the confidence of ferrosilicon manufacturers is good.

American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of October totaled 1,643,000 net tons (NT)*.

"Stable, green and sustainable raw material supplies is an important pillar for Chinese steel industry to improve competitiveness."

OM Holding Limited released its September 2020 Quarterly Production and Market Update recently.

The 2101 ferrosilicon contract price on ZCE closed at 5998 yuan per ton on November 19.

The 2101 ferrosilicon contract price on ZCE closed at 5890 yuan per ton on November 18.

The 2101 ferrosilicon contract price on ZCE closed at 5900 yuan per ton on November 17.

But the October exports fell by 15.5pc from a year earlier, according to preliminary customs data. January-October exports fell by 19.3pc from a year earlier to 44.43mn t.