The ministry added that the country's industrial output, an important economic indicator, reached 31.31 trillion yuan ($4.84 trillion) last year, making it the world's largest manufacturing power for 11 consecutive years.

The 2105 ferrosilicon contract price on ZCE closed at 7,920 yuan per ton on March 1.

In December 2020, Japan imported 32471.801 tons of ferrosilicon (containing by weight more than 55% of silicon).

Weekly Report of Chromium Market (2.22-2.26): The implementation of differential electricity prices in Inner Mongolia, chromium prices keep rise.

China's benchmark power coal price dropped slightly during the past week.

The 2105 ferrosilicon contract price on ZCE closed at 7,796 yuan per ton on February 26.

In the short term, the policy of energy consumption restrictions and electricity price adjustment in the main production areas will continue to support the strong operation of ferrosilicon spot market.

The amount exceeded the previous record of 1.08 billion tons in 2017, said the General Administration of Customs.