The 2109 ferrosilicon contract price on ZCE closed at 7966 yuan per ton on May 17.

China's foreign trade expanded 28.5 percent year-on-year to 11.62 trillion yuan ($1.8 trillion) in the January-April period.

The 2109 ferrosilicon contract price on ZCE closed at 7966 yuan per ton on May 17.

The 2109 ferrosilicon contract price on ZCE closed at 7952 yuan per ton on May 13.

The 2109 ferrosilicon contract price on ZCE closed at 8062 yuan per ton on May 14.

"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.

Chinese foreign trade enterprises may face surging pressure in the second half of this year.

"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.