The 2101 ferrosilicon contract price on ZCE closed at 5854 yuan per ton on October 22.

Currently, the prices of imported manganese ore is also on a downside and silico manganese producers are not being able to increase the offer prices.

Indian ferro silicon prices remain stable despite moderate demand from the domestic market.

Worldsteel has reviewed its Short Range Outlook (SRO) for 2020 and 2021 to show a much smaller demand decline than previously expected.

The 2101 ferrosilicon contract price on ZCE closed at 5946 yuan per ton on October 21.

Nickel price trend on October 21st

LME nickel price trend on October 20th

As the market enters the final few months of 2020, US flat-rolled steel mills sit in a much better position than they were just two months ago.