This trend is expected to persist in the medium term, whereby domestic steel mills will directly benefit, VDSC said.

The 2101 ferrosilicon contract price on ZCE closed at 6002 yuan per ton on November 6.

LME nickel price trend on November 5th

China's benchmark power coal price rose slightly during the past week.

The 2101 ferrosilicon contract price on ZCE closed at 5912 yuan per ton on November 5.

Nickel price trend on November 5th

LME nickel price trend on November 4th

Italian power consumption has recovered slightly better than expected in the second half of this year, but the recent rise in Covid-19 cases could put an end to this trend.