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The ministry added that the country's industrial output, an important economic indicator, reached 31.31 trillion yuan ($4.84 trillion) last year, making it the world's largest manufacturing power for 11 consecutive years.

The 2105 ferrosilicon contract price on ZCE closed at 7,920 yuan per ton on March 1.

In December 2020, Japan imported 32471.801 tons of ferrosilicon (containing by weight more than 55% of silicon).

The 2105 ferrosilicon contract price on ZCE closed at 7,796 yuan per ton on February 26.

Japan ferrosilicon (≤55%) imports up 40.92% YoY in December, 2020.

In the short term, the policy of energy consumption restrictions and electricity price adjustment in the main production areas will continue to support the strong operation of ferrosilicon spot market.

Japan ferrosilicon (>55%) imports up 27.39% YoY.

Japan ferrosilicon (≤55%) imports down 46.43% YoY in 2020.