The 2209 ferrosilicon contract price on ZCE closed at 7842 yuan per ton on July 12.

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Global iron ore production growth will accelerate in the coming years.

The figure represents a fall of 7.7 percent in volume but an increase of 21.8 percent in value year on year, according to the association's statistics.

This week, the domestic ferrosilicon market continued to be weak, the Futures was consolidated in a narrow range.