SiMn Enterprises Boosted by Rising Futures Prices

Published: Feb 23, 2023 14:30

Source: SMM

Save

Prices of #6517 silicon-manganese were 7,200-7,250 yuan/mt in Inner Mongolia in cash,

SHANGHAI, Feb 23 (SMM) - Prices of #6517 silicon-manganese were 7,200-7,250 yuan/mt in Inner Mongolia in cash, flat from the previous trading day, and those in Ningxia moved between 7,100-7,200 yuan/mt, flat from the previous trading day, those in Guangxi stood at 7,400-7,450 yuan/mt and those in Guizhou were 7,350-7,400 yuan/mt. Recently, the market confidence was boosted by rising future prices. Enterprises quoted firm but the actual transactions have not yet improved. The current market transactions were average before the downstream demand is released. Some enterprises are wait-and-see. In the short term, the silicomanganese market will remain stable but market players still need to pay attention to the demand from steel mills.

Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Hsikuangshan Twinkling Star Antimony to Procure 66 Tons of Sb99.85 Ingots in May 2026

SMM reported on May 11: Hsikuangshan Twinkling Star Antimony Industry Co., Ltd. will soon carry out its 2026 procurement plan project, issuing a public request for quotations for 66 tons of antimony ingots. The material must meet the following requirement: antimony ingot \ Sb99.85 GB/T 1599-2002. The expected procurement date is May 12, 2026. Delivery location: Lengshuijiang City, Loudi, Hunan Province.

1 hour ago

May 9, 2026 10:02

Slight Decline in China's Sodium Pyroantimonate Output Expected in April 2026

According to SMM estimates, the production of first-grade sodium pyroantimonate in China in April 2026 is expected to decrease slightly compared to the previous month, with a decline of less than 1%. The output remains largely stable with no significant trend observed. Many market participants indicate that it remains to be seen whether the peak demand season of the second quarter will gradually arrive.

May 9, 2026 10:02

May 9, 2026 09:59

China's Refined Bismuth Output to See Modest Growth in April 2026

According to SMM estimates, China's refined bismuth production in April 2026 is expected to increase by less than 1% month-on-month compared to March 2026, indicating a relatively modest growth. In recent months, bismuth output has generally shown a stable but fluctuating trend.

May 9, 2026 09:59