前20持仓增减不一，8月19日表现持买仓量小于持卖仓量。

In addition, the cost of electricity and scrap steel affected the commencement of steel plants, thus suppressing the demand for ferrosilicon.

The 2209 ferrosilicon contract price on ZCE closed at 7584 yuan per ton on August 19.

Its revenues during this period slipped by 15pc to $268.5mn in line with the lower sales, although its average selling price climbed to $39.21/wmt, up by 26.1pc from $31.10/wmt a year earlier.

Many steel enterprises saw profits drop by up to 90% in Q2 of this year, amid plunging steel prices.

Iron ore’s most-traded January 2023 contract on China’s Dalian Commodity Exchange tumbled as much as 4.4% to 683.50 yuan ($100.87) a tonne, its lowest since July 28.

The 2209 ferrosilicon contract price on ZCE closed at 7498 yuan per ton on August 18.

The bill includes incentives for companies that include union workers, but the overwhelming focus is on boosting US production and employment, he said.