The global nickel market had a surplus of 27,400 metric tons in June, compared with a surplus of 16,200 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Monday.

The 2310 ferrosilicon contract price on ZCE closed at 6894 yuan per ton on August 21.

China exports 2713.327 tons of ferrosilicon (Si≤55%) in July 2023.

China exports 24898.292 tons of ferrosilicon (Si＞55%) in July 2023.

China exports 242038.341 tons of ferrosilicon (Si＞55%) from January to July 2023.

China exports 15851.582 tons of ferrosilicon (Si≤55%) from January to July 2023.

However, the downstream side was still in the off-season, with low willingness to compromise and there was a strong sense of game between the two sides.

The 2310 ferrosilicon contract price on ZCE closed at 6842 yuan per ton on August 17.