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This week, the domestic ferrosilicon market is still running well, most of the manufacturers are still tight in the spot.

The 2105 ferrosilicon contract price on ZCE closed at 7882 yuan per ton on January 14.

In 2020, China's steel exports totaled 53.671 million tons, down 16.5% YoY.

China's iron ore imports increased by 9.5% in 2020 in comparison with 2019, China Customs data shows.

The global 1.8bn t/yr seaborne iron ore market is expected to remain in a supply deficit in early 2021.

Thr production of magnesium in 2021 was expected to be around 955 thousand tons, and domestic consumption was expected to be around 503.5 thousand tons.

The 2105 ferrosilicon contract price on ZCE closed at 7930 yuan per ton on January 13.

China produced 770.7 thousand tons of premiary magnesium in 2020.