The 2209 ferrosilicon contract price on ZCE closed at 7842 yuan per ton on July 12.

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

The 2209 ferrosilicon contract price on ZCE closed at 7944 yuan per ton on July 11.

The figure represents a fall of 7.7 percent in volume but an increase of 21.8 percent in value year on year, according to the association's statistics.

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

The 2209 ferrosilicon contract price on ZCE closed at 8014 yuan per ton on July 8.

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

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.