The 2311 ferrosilicon contract price on ZCE closed at 7340 yuan per ton on October 9.

Global nickel production will outpace demand to the tune of 239,000 metric tons next year, according to the International Nickel Study Group (INSG).

The spot price of ferrosilicon was supported by the rising cost of raw materials, and the tender price was higher than market expectations, further driving up positive sentiment.

The 2311 ferrosilicon contract price on ZCE closed at 7528 yuan per ton on September 27.

The 2311 ferrosilicon contract price on ZCE closed at 7500 yuan per ton on September 26.

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 152.6 million tonnes (Mt) in August 2023, a 2.2% increase compared to August 2022.

Over January-August, China's exports of semi-finished and finished steel increased by 30.6% on the year to 60.977 million mt.

The 2311 ferrosilicon contract price on ZCE closed at 7484 yuan per ton on September 25.