Silicomanganese futures close at 8506 on Mar.1

The 2205 ferrosilicon contract price on ZCE closed at 9020 yuan per ton on February 28.

In February, the ferrosilicon spot market operated steadily under favorable factors.

Silicomanganese futures close at 8396 on Feb.28

Broken down by districts, here’s production for the week ending February 19, 2022 in thousands of net tons: North East: 171; Great Lakes: 601; Midwest: 192; Southern: 729 and Western: 71 for a total of 1764.

The 2205 ferrosilicon contract price on ZCE closed at 8780 yuan per ton on February 25.

The country mainly bought steel from China, with 5 million tonnes valued at 4.38 billion USD, accounting for 40.3 percent and 38 percent of the total volume and turnover, respectively.

Note: this release incorporates revisions to data for June through November 2021 released by the U.S. Census Bureau in February 2022.