Ordos Ferroalloys Production in Jan-Oct

Some analysts feel iron ore prices have been spurred on by recent speculative demand.

The 2101 ferrosilicon contract price on ZCE closed at 6332 yuan per ton on December 17.

The settlements for BF-grade pellet premiums are double the $20/dmt premium in the previous quarter and 93pc higher than $24/dmt for DR-grade pellets.

The 2101 ferrosilicon contract price on ZCE closed at 6414 yuan per ton on December 15.

Even as S&P Global Platts IODEX 62% Fe fines benchmark fell Dec. 14 to $154.50/dmt, total pellet prices indicated well above earlier levels.

The border port of Ceke in north China's Inner Mongolia Autonomous Region has witnessed coal imports of about 10.06 million tonnes this year, local authorities said.

The 2101 ferrosilicon contract price on ZCE closed at 6362 yuan per ton on December 16.