SiMn Alloy Quotes Fall Slightly on Feb 21

SHANGHAI, Feb 21 (SMM) - On February 21, prices of  #6517 SiMn alloy in Inner Mongolia were 7,200-7,250 yuan/mt in cash, down 50 yuan/mt from the previous trading day, those in Ningxia stood at 7,250-7,300 yuan/mt, flat from the previous trading day, and those in Guangxi moved between 7,400-7,450 yuan/mt, flat from the previous trading day. #6517 SiMn alloy was quoted at 7,350-7,400 yuan/mt in Guizhou in cash, flat from the previous trading day. SiMn alloy quotations in south China stabilised, and the market mainly witnessed the delivery of orders. In north China, the spots could hardly be traded at high prices even though some manufacturers still insisted on high quotes. Hence the SiMn alloy quotes fell slightly. Recently, the transactions of construction steel have improved. The market still needs to pay attention to the release of downstream demand in the future. The SiMn alloy prices are moving sideways at present.