The 2009 ferrosilicon contract price on ZCE closed at 5712 yuan per ton on July 10.

Latest Ferrosilicon Standard GB / T 2272-2020 will be implemented on September 1, 2020.

Ferrosilicon tender notice of July, 2020 (07/10/2020).

Most agreed that the increased production is a concern and could lead to an oversupply on the market and lower prices.

US coking coal prices have been flat to slightly stronger early this week ahead of current third-quarter spot requirements in Europe closing.

This week, the ferrosilicon market continued running stably, with little price change.

Sharp increases in EU emissions trading system (ETS) allowance values in recent sessions have worsened market conditions for German coal-fired power generation for next year, with around 46pc of the fleet priced out of the base-load market.

UK-Australian resources firm BHP and its partner, Japanese trading house Mitsubishi, plan to spend $100mn on 34 autonomous trucks at their 4.5mn t/yr Daunia coking coal mine in the Bowen basin in Queensland, Australia.