Many ferrosilicon plants said that the production cost was high...

Many ferrosilicon plants said that the production cost was high and there were some difficulties in production and delivery.

Due to tight power supply, rising electricity price, high raw material price and blocked transportation in some areas, many ferrosilicon plants said that the production cost was high and there were some difficulties in production and delivery. Since October 28, several ferrosilicon plants in Zhongwei area of Ningxia issued power-cut applications for submerged arc furnaces, and the futures market immediately stopped falling and rebounded in the afternoon. The opening price of 2201 main contract of ferrosilicon futures in October was 17000, the highest price was 17950, the lowest price was 9930, the closing price was 11262, the settlement price was 11138, the trading volume was 5710500, and the position was 89926, an decrease of 30.24%.