According to data of Korea Customs Service, in April 2022, South Korea imported 942 tons of ferrosilicon (containing by weight ≤55% of silicon), a month on month decrease of 33.79%.

The 2205 ferrosilicon contract price on ZCE closed at 8962 yuan per ton on May 17.

The 2205 ferrosilicon contract price on ZCE closed at 8842 yuan per ton on May 16.

In the week ending on May 7, 2022, domestic raw steel production was 1,777,000 net tons while the capability utilization rate was 81.4 percent.

From January to April, the output of crude steel, pig iron and steel in China was 336.15 million tons, 280.3 million tons and 426.82 million tons respectively.

At present, the market lacks positive factors and the futures continued to decline, as well the spot price continued to decline.

The 2205 ferrosilicon contract price on ZCE closed at 8700 yuan per ton on May 13.

A Weekly Review of Manganese Alloy Market