The 2101 ferrosilicon contract price on ZCE closed at 6472 yuan per ton on December 18.

In Jan-Oct, Ordos City, Inner Mongolia, China, has produced 507.02 million tons of raw coal, a decrease of 14.2 year on year.

Ordos Ferrosilicon Production in Jan-Oct

Some analysts feel iron ore prices have been spurred on by recent speculative demand.

The 2101 ferrosilicon contract price on ZCE closed at 6332 yuan per ton on December 17.

The 2101 ferrosilicon contract price on ZCE closed at 6362 yuan per ton on December 16.

The 2101 ferrosilicon contract price on ZCE closed at 6414 yuan per ton on December 15.

The settlements for BF-grade pellet premiums are double the $20/dmt premium in the previous quarter and 93pc higher than $24/dmt for DR-grade pellets.