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The 2109 ferrosilicon contract price on ZCE closed at 8210 yuan per ton on June 16.

China’s domestic magnesium price increased sharply after authorities in Zhongwei - a key ferro-alloy production hub in Ningxia Hui Autonomous Region - issued a production cut notice due to high energy-consuming enterprises on Thursday June 3.

There has been reduced domestic production in Europe since Ferroglobe idled its production in late 2019, with only a small amount of output having been brought back onstream since then, sources said.

A Japanese ferro-silicon import price assessment will serve as an additional indicator to provide the market with a more comprehensive picture of the ferro-silicon market in Asia.

The 2109 ferrosilicon contract price on ZCE closed at 8414 yuan per ton on June 15.

Weekly Report of Ferrosilicon Market (6.7-6.11)

Ferroalloys Futures Daily Report (06/11/2021).

The 2109 ferrosilicon contract price on ZCE closed at 8634 yuan per ton on June 11.