China ferrosilicon (Si≤55%) exports up 50.20% year-on-year in July 2022.

China exports 57710.498 tons of ferrosilicon (Si>55%) in July 2022.

The 2209 ferrosilicon contract price on ZCE closed at 7584 yuan per ton on August 19.

In addition, the cost of electricity and scrap steel affected the commencement of steel plants, thus suppressing the demand for ferrosilicon.

前20持仓增减不一，8月19日表现持买仓量小于持卖仓量。

Its revenues during this period slipped by 15pc to $268.5mn in line with the lower sales, although its average selling price climbed to $39.21/wmt, up by 26.1pc from $31.10/wmt a year earlier.

Many steel enterprises saw profits drop by up to 90% in Q2 of this year, amid plunging steel prices.

The 2209 ferrosilicon contract price on ZCE closed at 7498 yuan per ton on August 18.