However, the tender price was lower in the later stage, and the volume was reduced.

Most of the capital goods monitored by the Chinese government posted lower prices in late September compared with mid-September this year, official data showed Sunday.

In October, the tender price of ferrosilicon of HBIS Group rose 650 CNY/T month on month to 8850 CNY/T, which greatly improved the market confidence.

The price of semi-coke on the cost side increased, which also supported the market.

This week, the ferrosilicon Futures fluctuated downward, and the spot price rose by a small margin of around 100 yuan per ton.

This week, the ferrosilicon Futures market rose again, the spot price fluctuated lightly, and the supply side was generally stable.

At present, the production recovery in the production area was slow, the supply was relatively low, and the transaction was light.

In addition, the cost of electricity and scrap steel affected the commencement of steel plants, thus suppressing the demand for ferrosilicon.