The ZCE ferroalloy contracts aren’t getting much attention lately. Today closing price for the January 2018 ferrosilicon contract rose rmb122 to rmb8,566 per mt but the volume dropped to only 26,212 contracts. The May contract was unchanged at rmb6,762 per mt on volume of 145,682 contracts.
It wasn’t better for the silicomanganese contract. There was no change in the January date, rmb 8,412 per m on volume of 83,760 contracts while the May price rose only rmb48 to rmb 7,516 on volume of 55,994 contracts.