The 2306 ferrosilicon contract price on ZCE closed at 7312 yuan per ton on May 8.

The 2306 ferrosilicon contract price on ZCE closed at 7284 yuan per ton on May 5.

The 2306 ferrosilicon contract price on ZCE closed at 7236 yuan per ton on May 4.

The nickel market is facing a massive supply glut this year as surging Indonesian production continues to outpace global demand.

Renewable energy use, low season, curbs on inflows, green drive factors.

All these factors will support a surge in steel consumption in the third and fourth quarters of this year, the VSA added.

China's raw coal output posted stable expansion in March, official data showed.

In April, the domestic ferrosilicon market continued its weak trend, with Futures fluctuating and falling below a new low for the year.