The domestic ferrosilicon market continued to operate weakly with cost downwards, and Futures fell broke expectations.

The ferrosilicon market has been in a continuous downturn recently, and the Futures in the last week fell sharply below expectations.

Futures fell sharply, impacting the spot market.

Global iron ore production growth will accelerate in the coming years.

This week, the domestic ferrosilicon market continued to be weak, the Futures was consolidated in a narrow range.

European high-carbon ferro-manganese prices were assessed down at €1,250-1,425/t ddp on 5 July, while silico-manganese sat at a marginal discount of €1,250-1,400/t ddp.

European high-carbon ferro-manganese prices were assessed down at €1,250-1,425/t ddp on 5 July, while silico-manganese sat at a marginal discount of €1,250-1,400/t ddp.

Ferro-silicon prices have lately consolidated at €2,450-2,600/t ddp, down by 38pc since early May.