The 2009 ferrosilicon contract price on ZCE closed at 5780 yuan per ton on June 1.

US gross domestic product (GDP) will not reach its pre-pandemic levels until well into 2022 following a sharp contraction this year, economists with major US banks said.

A widening gap between export and domestic prices fuelled the increases.

Profits at industrial firms declined at a slower pace in April as production and sales rebounded amid the nationwide restoration of economic activities, the National Bureau of Statistics said on Wednesday.

The 2009 ferrosilicon contract price on ZCE closed at 5744 yuan per ton on May 29.

The ferrosilicon market rose steadily in this month

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