China, the EU, US and India are the main drivers behind the IEA's higher estimates.

This week, HBIS Group finalized the tender price of ferrosilicon 75B in December at 8700 CNY/T.

US third-quarter shipments to India almost trebled year on year to 1.7mn t. Shipments to Brazil were 27.3pc higher on the year, at 1.5mn t.

The spot price of 72 # ferrosilicon was firm at the end of the month, rising slightly by about 100 CNY/T; And the price of 75 # ferrosilicon declined due to the weakening of the downstream magnesium metal market.

The nationwide price of steel products rose slightly last week (November 14-20)

The nationwide price of steel products rose slightly last week (November 14-20)

Steel production has declined. The import and export volume of steel products decreased generally.

On Thursday, the Futures rebounded, and the market sentiment eased to some extent, leading to a small upward in spot prices.