But the October exports fell by 15.5pc from a year earlier, according to preliminary customs data. January-October exports fell by 19.3pc from a year earlier to 44.43mn t.

January-October imports rose by 73.9pc from a year earlier to 17.71mn.

The 2101 ferrosilicon contract price on ZCE closed at 5886 yuan per ton on November 16.

The 2101 ferrosilicon contract price on ZCE closed at 5916 yuan per ton on November 13.

This week's ferrosilicon market is still dominated by favorable factors.

Coal exports are expected to be lower because of weaker global demand for coal.

In the meeting, Gharibpour called for cooperation with the Australian side in various areas including training, exploration, extraction, and new technologies, IRIB reported.

The 2101 ferrosilicon contract price on ZCE closed at 5938 yuan per ton on November 12.