The 2109 ferrosilicon contract price on ZCE closed at 7,688 yuan per ton on May 7.

ZENITH released ferrosilicon bidding in May with a volume of 2100 tons.

A reading above 50 indicates expansion, while a reading below reflects contraction.

The PMI for China's non-manufacturing sector moderated to 54.9, down 1.4 percentage points from March.

The 2109 ferrosilicon contract price on ZCE closed at 7,576 yuan per ton on May 6.

A reading above 50 indicates expansion, while a reading below reflects contraction.

Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

Follow the impact of bidding price of representative steel mills and the progress of energy consumption and environmental protection policies in main production areas on the industry.