In early 2014, China initiated a key strategy to coordinate the development of Beijing, Tianjin and Hebei -- a regional city cluster called "Jing-Jin-Ji" -- to create a model with a better economic structure, cleaner environment, and improved public services.

The 2105 ferrosilicon contract price on ZCE closed at 7,692 yuan per ton on March 2.

The ministry added that the country's industrial output, an important economic indicator, reached 31.31 trillion yuan ($4.84 trillion) last year, making it the world's largest manufacturing power for 11 consecutive years.

The 2105 ferrosilicon contract price on ZCE closed at 7,920 yuan per ton on March 1.

In December 2020, Japan imported 32471.801 tons of ferrosilicon (containing by weight more than 55% of silicon).

China's benchmark power coal price dropped slightly during the past week.

Japan ferrosilicon (>55%) imports up 27.39% YoY.

In the short term, the policy of energy consumption restrictions and electricity price adjustment in the main production areas will continue to support the strong operation of ferrosilicon spot market.