The company's order intake increased by 14 percent year-on-year and reached 8.6 billion euros.

The 2109 ferrosilicon contract price on ZCE closed at 8062 yuan per ton on May 14.

"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.

The 2109 ferrosilicon contract price on ZCE closed at 7952 yuan per ton on May 13.

Positive factors have driven the market sentiment of ferrosilicon to be good

Decarbonization efforts in China will not stoke inflation, says NDB official.

"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.

"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.