The spot price of ferrosilicon was supported by the rising cost of raw materials, and the tender price was higher than market expectations, further driving up positive sentiment.

The 2311 ferrosilicon contract price on ZCE closed at 7528 yuan per ton on September 27.

The 2311 ferrosilicon contract price on ZCE closed at 7500 yuan per ton on September 26.

The 2311 ferrosilicon contract price on ZCE closed at 7484 yuan per ton on September 25.

Supported by multiple positive factors, the domestic ferrosilicon market has shown good confidence this week.

The 2311 ferrosilicon contract price on ZCE closed at 7552 yuan per ton on September 21.

China exports 27900.512 tons of ferrosilicon (Si>55%) in August 2023.

China exports 43317.324 tons of silicon metal in August 2023.