The 2101 ferrosilicon contract price on ZCE closed at 6184 yuan per ton on November 19.

This week, the ferrosilicon market is still running stably, higher cost and tight spot and the downstream demand side is also strong, the confidence of ferrosilicon manufacturers is good.

"Stable, green and sustainable raw material supplies is an important pillar for Chinese steel industry to improve competitiveness."

American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of October totaled 1,643,000 net tons (NT)*.

OM Holding Limited released its September 2020 Quarterly Production and Market Update recently.

The 2101 ferrosilicon contract price on ZCE closed at 5998 yuan per ton on November 19.

During the quarter ended 30 September 2020, FeSi production volumes decreased by 16% while manganese alloys production reduced marginally by 3%.

This week's ferrosilicon market is still dominated by favorable factors.