Focusing on the change of supply-demand relationship, the change of ferrosilicon production cost (including freight condition), futures market trend and the new round of steel bidding.

The 2101 ferrosilicon contract price on ZCE closed at 6472 yuan per ton on December 18.

Some analysts feel iron ore prices have been spurred on by recent speculative demand.

Ordos Ferrosilicon Production in Jan-Oct

In Jan-Oct, Ordos City, Inner Mongolia, China, has produced 507.02 million tons of raw coal, a decrease of 14.2 year on year.

The 2101 ferrosilicon contract price on ZCE closed at 6332 yuan per ton on December 17.

The 2101 ferrosilicon contract price on ZCE closed at 6362 yuan per ton on December 16.

The settlements for BF-grade pellet premiums are double the $20/dmt premium in the previous quarter and 93pc higher than $24/dmt for DR-grade pellets.