The 2109 ferrosilicon contract price on ZCE closed at 7,414 yuan per ton on April 30.

China should guard against the rise in international iron ore prices, as it has the potential to erode its hard-won economic recovery.

According to Luo, under the current pricing mechanism, iron ore prices are to a large extent determined by the producers rather than market forces.

Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

Ferrosilicon Bidding Information in May, 2021 (04/30/2021).

In March 2021, Japan imported 31374.075 tons of ferrosilicon (containing by weight more than 55% of silicon).

Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

Japan imported 994.958 tons of ferrosilicon (containing by weight ≤ 55% of silicon).