The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China's major ports, stood at 566 yuan (about 86.4 U.S. dollars) per tonne Wednesday, up by 1 yuan week on week.
Analysts said the coastal coal price continued to rise due to the lingering impact of earlier bullish market factors. As many regions have entered the heating period, the demand for coal increased dramatically in northeast China.
Released by the Qinhuangdao Ocean Shipping Coal Trading Market Co., Ltd. every Wednesday, the BSPI is a leading indicator of China's coal prices.
OM Holding Limited released its September 2020 Quarterly Production and Market Update recently.
Production output for the quarter ended 30 September 2020 of 37,069 tonnes of ferrosilicon (“FeSi”) and 56,185 tonnes of manganese alloys comprised mainly silicomanganese (“SiMn”) and high carbon ferromanganese (“HCFeMn”) .
A total of 45,052 tonnes of FeSi and 49,720 tonnes of manganese alloys were sold during the quarter ended 30 September 2020.
An additional ferrosilicon furnace was placed on maintenance during the current quarter. Limitations on hiring new foreign workers continued to impact the Plant’s ability to operate at full capacity. The conversion of 2 idled ferrosilicon furnaces to produce manganese alloys is currently at the planning stage.