Ferrosilicon exports (≤55%) of China down by 36.47% YoY in Q1.

The 2009 ferrosilicon contract price on ZCE closed at 5744 yuan per ton on April 28.

From January to March, imports of Beijing reached 502.98 billion yuan, down 8.4 percent year-on-year, while exports increased by 4.4 percent to 122.44 billion yuan.

The 2009 ferrosilicon contract price on ZCE closed at 5734 yuan per ton on April 27.

In Mid-April, the social inventories of 5 varieties of steel products in 20 cities were 17.17 million tons, down by 860 thousand tons (4.8%) from last ten days, according the latest data of CISA.

Covid-19-related shutdowns of automotive plants across North America could cost US automakers at least 900,000 vehicle sales this year, reducing steel demand, according to industry estimates.

The 2009 ferrosilicon contract price on ZCE closed at 5690 yuan per ton on April 24.

The ferrosilicon market was temporarily stable this week.