The 2211 ferrosilicon contract price on ZCE closed at 8440 yuan per ton on November 11.

This week, the ferrosilicon market maintained stable. The Futures market fluctuated after last week's rise.

The 2211 ferrosilicon contract price on ZCE closed at 8302 yuan per ton on November 10.

The sentiment for finished steel prices continued to slide as the November scrap buy week was underway, according to the most recent S&P Global Commodity Insights US steel market participant survey.

Earlier this year, the association had forecast steel demand to drop by 1.7% in 2022.

The location of the second planned mill has not been announced.

At present, of the 17,244 tonnes of on-warrant nickel in LME warehouses in Rotterdam, briquette accounts for more than 92%.

A high backwardation continued to dampen import appetite, leading to thin liquidity, although offers were quoted higher.