The 2101 ferrosilicon contract price on ZCE closed at 5878 yuan per ton on November 3.

"The government of Ethiopia encourages companies like CISDI Group, considering the potential of the construction sector in advancing the country's economy," Tariku added.

China Taiyuan coal transaction price index stood at 127.74 points Monday, down 0.16 percent week on week.

The 2101 ferrosilicon contract price on ZCE closed at 5774 yuan per ton on October 30.

In October, the ferrosilicon market continued to run strongly.

India’s top steelmakers complained their production for the quarter ended September was affected due to a shortage in availability of iron ore and several steel industry bodies have petitioned the commerce ministry to address the issue.

The 2101 ferrosilicon contract price on ZCE closed at 5782 yuan per ton on October 29.

China exported 209319.675 tons of ferrosilicon (silicon content > 55%), a year-on-year decrease of 27.61%.