Insiders believe the price increase of raw materials also contributes to the price fluctuation in the magnesium market.

Many ferrosilicon plants said that the production cost was high and there were some difficulties in production and delivery.

Liquidity has been reduced on the spot market, with producers having low volumes of material available.

Limited utilization of capacity as well as cost support, making the spot market generally strong, but the transaction slowed down.

The spot market was relatively stable and mostly wait-and-see.

US ferro-silicon (75pc) prices increased to $2.60-2.80/lb from $2.20-2.30/lb on 30 September.

Weekly report of chrome market in China

HBIS Group released the bidding information of ferrosilicon 75B in October, with a volume of 3126 tons and a price of 16000 yuan per ton.