The 2009 ferrosilicon contract price on ZCE closed at 5830 yuan per ton on April 30.

Steel futures closed higher Thursday in daytime trading on the Shanghai Futures Exchange.

Japan Ferrosilicon (>55%) Imports in March down by 14.26% YoY.

Japan imported 96494.598 tons of ferrosilicon (>55%) in Q1, 2020.

Japan Ferrosilicon (≤55%) Imports in March down by 36.55% YoY.

Japan imported 2531.648 tons of ferrosilicon (≤55%) in Q1.

Decline forecasted due to excessive global output and cheap scrap metal.

Economists expect China to emphasize poverty fight, jobs and survival of companies.