This week, the ferrosilicon market maintained stable. The Futures market fluctuated after last week's rise.

The 2211 ferrosilicon contract price on ZCE closed at 8440 yuan per ton on November 11.

The 2211 ferrosilicon contract price on ZCE closed at 8302 yuan per ton on November 10.

At present, of the 17,244 tonnes of on-warrant nickel in LME warehouses in Rotterdam, briquette accounts for more than 92%.

The province's total import and export value from January to September hit 260.91 billion yuan ($35.96 billion), up 16.4 percent year-on-year.

A high backwardation continued to dampen import appetite, leading to thin liquidity, although offers were quoted higher.

Most of the capital goods in China posted lower prices in late October compared with mid-October, official data showed Friday.

The problem is that there are more than 13m tons of HRC capacity coming online or planned to come online in the next three years.