The primary factor damping buyers’ confidence was the persistently weak portside market.

The latest price is 450 yuan higher than the mill’s previous purchase price of 7,500 yuan per tonne for July-delivery cargoes.

The rivers are Yangtze and Jialing, in which the latter is a tributary of the former.

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The 2201 ferrosilicon contract price on ZCE closed at 9,200 yuan per ton on August 19.