The 2201 ferrosilicon contract price on ZCE closed at 12190 yuan per ton on September 17.

The tone of steel bidding in September was established last Friday with the bidding price of HBIS Group at 10700 yuan per ton.

China's August output reached 233,300t, up by 7.56pc from July, according to data from the China Nonferrous Metals Industry Association.

The 2201 ferrosilicon contract price on ZCE closed at 12004 yuan per ton on September 16.

The 2201 ferrosilicon contract price on ZCE closed at 12054 yuan per ton on September 15.

The 2201 ferrosilicon contract price on ZCE closed at 11460 yuan per ton on September 14.

More buying interest from steelmakers is expected in the next few weeks and there should be an increase in inter-merchant trading in that time.

The 2201 ferrosilicon contract price on ZCE closed at 11412 yuan per ton on September 13.