The opening price of 2201 main contract of ferrosilicon futures in December was 11360, the closing price was 8626, the settlement price was 8726, an decrease of 22.55%.

The domestic ferrosilicon market stopped falling and rebounded in the early stage of this week.

This week, Chinese domestic market price of electrolytic manganese metal fell. At present, the ex-work price include value added tax (VAT) was RMB 41,000 to 42,000 /mt in southern areas such as Hunan, Chongqing, Guangxi and Guizhou province and the northern la...

This week, the domestic ferrosilicon market was still depressed.

Uncertainty about European ferro-alloy supply is causing market participants to lock in higher volumes under long-term contracts.

US hot-rolled coil (HRC) prices dropped this week on lower sales and offers, amid continued limited spot market activity.

Demand also remains strong in Europe, with end user first-quarter tenders for over 3,000t and suppliers struggling to respond.

And it’s expected for the market to continue to be under pressure in the short term.