The 2009 ferrosilicon contract price on ZCE closed at 5774 yuan per ton on May 14.

The producer price index (PPI), which measures costs for goods at the factory gate, fell 3.1 percent year-on-year in April, according to the National Bureau of Statistics.

In the week ending on May 10, 2020, the steel products price showed a minor recovery.

The 2009 ferrosilicon contract price on ZCE closed at 5834 yuan per ton on May 13.

Japanese carmaker Toyota Motor has projected that its global car sales will fall by 22pc from a year earlier to 7mn units during the April 2020-March 2021 fiscal year on expectations that the global car market will bottom out during April-June.

The 2009 ferrosilicon contract price on ZCE closed at 5840 yuan per ton on May 12.

The Indian Steel Association (ISA) has revised downward India’s steel demand growth forecast for 2020 from 5.1% as per growth predictions made in February this year.

The 2009 ferrosilicon contract price on ZCE closed at 5816 yuan per ton on May 11.