...coupled with the elevated Chinese price for magnesium, the key consumer of 75% of ferro-silicon, drove up the ferro-silicon price.

The spot price moved higher for the first time in three weeks, hitting a record high since Fastmarkets started assessing the market in January 1997.

US ferro-silicon market continued to trend upward in the week ending on August 20, 2021.

Price assessment for ferro-silicon 75% Si min, cif Japan widened upward to $1,900-2,000 per tonne on June 30, up by 1.31% from $1,900-1,950 per tonne on June 23.

The company plans to ramp up its production in stages, given the constrained manpower environment and its focus on prioritising employee safety.

China exports 9576.97 tons of ferrosilicon (≤55%) from January to May 2021

China's export of ferrosilicon (>55%) by country from January to May 2021

China exports 1678.84 tons of ferrosilicon (≤55%) in May 2021