Insiders believe the price increase of raw materials also contributes to the price fluctuation in the magnesium market.

Many ferrosilicon plants said that the production cost was high and there were some difficulties in production and delivery.

The 2201 ferrosilicon contract price on ZCE closed at 11262 yuan per ton on October 29.

The 2201 silicomanganese contract price on ZCE closed at 9800 yuan per ton on October 29.

The 2201 silicomanganese contract price on ZCE closed at 9760 yuan per ton on October 28.

The 2201 ferrosilicon contract price on ZCE closed at 11382 yuan per ton on October 28.

Liquidity has been reduced on the spot market, with producers having low volumes of material available.

Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China dipped by $1 per tonne on October 26 to $154 per tonne.