The 2211 ferrosilicon contract price on ZCE closed at 8756 yuan per ton on October 12.

The plate delivered assessment rose by $8.25/st to $1,676.50/st.

Private construction was at a seasonally adjusted annual rate of $1.43tn, 0.6pc below the July estimate of $1.44tn.

The 2211 ferrosilicon contract price on ZCE closed at 8698 yuan per ton on October 11.

Peru’s mining exports fell in the first eight months, the first accumulated year-on-year drop in 2022.

It was a 9.2% decrease from the 2,485,000 permit tons recorded in August and a 10.1% decrease from the August final imports total of 2,510,000.

Amid volatility in most commodity markets, iron ore has been relatively stable over the past two months.

Exports to the three major destinations — South Korea, Vietnam and Taiwan, China.