Asia rests hopes on Iran's early return to douse oil price blaze

Commitment to green economy is crucial, says ARM’s Patrice Motsepe

Silicomanganese futures close at 8668 on Mar.7

The 2205 ferrosilicon contract price on ZCE closed at 9204 yuan per ton on March 4.

Since November 2021, the ferrosilicon futures fluctuated frequently, but showed a slow upward trend.

"The (steel) market has turned optimistic about this year's infrastructure investment growth as different regions successively rolled out major construction projects as part of pro-growth efforts."

Prices briefly retreated after 24 February.

Most of capital goods monitored by the Chinese government registered lower prices in mid-February compared with early February, official data showed Thursday.