The price of semi-coke on the cost side increased, which also supported the market.

This week, the ferrosilicon Futures fluctuated downward, and the spot price rose by a small margin of around 100 yuan per ton.

This week, the ferrosilicon Futures market rose again, the spot price fluctuated lightly, and the supply side was generally stable.

The traditional peak season in September has arrived, and many people in the industry were optimistic about it.

At present, the production recovery in the production area was slow, the supply was relatively low, and the transaction was light.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 149.3 million tonnes (Mt) in July 2022, a 6.5% decrease compared to July 2021.

In addition, the cost of electricity and scrap steel affected the commencement of steel plants, thus suppressing the demand for ferrosilicon.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $110 a tonne Monday morning, up 2.7%