The 2109 ferrosilicon contract price on ZCE closed at 8062 yuan per ton on May 14.

The 2109 ferrosilicon contract price on ZCE closed at 7952 yuan per ton on May 13.

"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.

Positive factors have driven the market sentiment of ferrosilicon to be good

Chinese foreign trade enterprises may face surging pressure in the second half of this year.

"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.

The 2109 ferrosilicon contract price on ZCE closed at 8286 yuan per ton on May 12.

The 2109 ferrosilicon contract price on ZCE closed at 7,802 yuan per ton on May 11.