This week, the ferrosilicon market continued to operate steadily, the supply side was generally stable.

The 2301 ferrosilicon contract price on ZCE closed at 8560 yuan per ton on December 15.

US hot rolled coil (HRC) spot prices jumped this week as mills pushed price increases announced last week.

Coking coal prices on a fob Australia basis edged up today on firm demand, but some buyers stayed cautious given an uncertain outlook.

China, the EU, US and India are the main drivers behind the IEA's higher estimates.

This week, HBIS Group finalized the tender price of ferrosilicon 75B in December at 8700 CNY/T.

US third-quarter shipments to India almost trebled year on year to 1.7mn t. Shipments to Brazil were 27.3pc higher on the year, at 1.5mn t.

The spot price of 72 # ferrosilicon was firm at the end of the month, rising slightly by about 100 CNY/T; And the price of 75 # ferrosilicon declined due to the weakening of the downstream magnesium metal market.