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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 2211 ferrosilicon contract price on ZCE closed at 8442 yuan per ton on October 14.

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.

The 2211 ferrosilicon contract price on ZCE closed at 8756 yuan per ton on October 12.

The 2211 ferrosilicon contract price on ZCE closed at 8698 yuan per ton on October 11.

The plate delivered assessment rose by $8.25/st to $1,676.50/st.

Private construction was at a seasonally adjusted annual rate of $1.43tn, 0.6pc below the July estimate of $1.44tn.

Peru’s mining exports fell in the first eight months, the first accumulated year-on-year drop in 2022.