The 2205 ferrosilicon contract price on ZCE closed at 8820 yuan per ton on May 20.

This week, the ferrosilicon futures has been shaken and consolidated, with a slight recovery.

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Chinese producers want to cut production volume in order to save price dropping in this week.

The prices of ferroalloys dropped over 10% in one week, and the producers of ferroalloys in China discussed online to cut down output by 40-50% right now to save market. details as per

From January to April 2022, South Korea imported 70642.00 tons of ferrosilicon (Containing by weight more than 55 % of silicon).

Japan's economy posted a contraction during January-March after a rebound the previous quarter, as the country's Covid-19 sub-emergency restrictions dented consumer spending and capped fuel consumption.

South Korea ferrosilicon (Si>55%) imports decrease 12.83% in April 2022.