This trend is expected to persist in the medium term, whereby domestic steel mills will directly benefit, VDSC said.

Data of the first week of November showed that the operating rate and output of ferrosilicon plants had a slight upward trend.

The 2101 ferrosilicon contract price on ZCE closed at 6002 yuan per ton on November 6.

Nickel ore market weekly comment(November 2nd-November 6th): The prices of Laterite-Nickel ore was steady in this week

Ferronickel market weekly comment(November 2nd-November 6th) The price of high grade ferronickel price dropped down in this week

Electrolytic nickel market weekly comment(November 2nd-November 6th) LME nickel price rebounded, the electrolytic nickel price was not steady

LME nickel price trend on November 5th

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