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The profit growth of Chinese industrial firms was positive for the first time this year as economic order further normalized from the COVID-19 epidemic in May, the National Bureau of Statistics said on Sunday.

According to latest data of Trade Statistics of Japan, in May, 2020, Japan imported 669.609 tons of ferrosilicon (≤55%), down 18.07% from last month and down 77.8% year on year.

Japan ferrosilicon (>55%) imports down 16.45% YoY in Jan-May.

Nickel price trend on June 29th

China exported 27781.63 tons of ferrosilicon (>55%) in May, down 32.41% vs. last month and down 23.82% year on year.

The 2009 ferrosilicon contract price on ZCE closed at 5944 yuan per ton on June 29.

Crude steel production in Germany fell by 27 percent to 2.6 million tons in May compared to the same month last year, the German Steel Federation (WV Stahl) announced on Wednesday.

China Ferrosilicon (≤55%) Exports down 41.02% YoY in Jan-May.