Chinese environmental authorities have clarified what they plan to do with the closed ferrosilicon smelters in Ningxia. Those smelters who have put in environmental controls will have their power turned by the end of of 2017 and they can resume production. Those smelters that haven’t installed the necessary controls will remain closed and the power off.

The $64,000 question is how many smelters have a met their requirements and will be allowed to restart. If the major of the ferrosilicon smelters have then the market will return to normal, whatever normal is.