SHANGHAI, Nov. 27 (SMM) – Market confidence was lifted as some steel mills raised bidding prices. Thus, quotations for silicomanganese alloy continued to increase on Tuesday. Ex-works prices offered by enterprises in Inner Mongolia and Shanxi were between RMB 7,100-7,200/mt, but transactions were rarely done at high prices, with mainstream deals made at RMB 6,900-7,100/mt.
SMM sources reported that Hebei I/S will initiate silicomanganese alloy bid for December early next week. Procurement prices (ex-works prices, acceptance) at most mills in Hebei were between RMB 7,300-7,350/mt recently. As bidding prices at Hebei I/S have yet to be released, other steel mills purchased cautiously. Procurement prices are unlikely to show significantly changes.
Mainstream quotes for silicomanganese alloy today:
Product
|
Brand
|
Province
|
Mainstream Prices Today (RMB/mt)
|
Mainstream Prices on Nov. 26th (RMB/mt)
|
Fluctuation
|
Note
|
Silicomanganese alloy
|
6517
|
Liaoning
|
6800-7000
|
6800-6900
|
→
|
Ex-works, including tax
|
Silicomanganese alloy
|
Hunan
|
6700-6800
|
6650-6750
|
→
|
Ex-works, including tax
|
|
Silicomanganese alloy
|
Henan
|
6450-6500
|
6500-6550
|
→
|
Excluding tax,
Trading Market
|
|
Silicomanganese alloy
|
Guangxi
|
6700-6800
|
6600-6700
|
→
|
Ex-works, including tax
|
|
Silicomanganese alloy
|
Sichuan
|
6700-6800
|
6600-6700
|
→
|
Ex-works, including tax
|
|
Silicomanganese alloy
|
Yunnan
|
6400-6500
|
6400-6500
|
→
|
Ex-works, including tax
|
|
Silicomanganese alloy
|
Guizhou
|
6700-6800
|
6700-6800
|
→
|
Ex-works, including tax
|
|
Silicomanganese alloy
|
Ningxia
|
6900-7000
|
6900-7000
|
→
|
Acceptance bill payment, ex-works, including tax
|
|
Silicomanganese alloy
|
Shanxi
|
6800-6900
|
6800-6900
|
→
|
Ex-works, including tax
|
|
Silicomanganese alloy
|
Inner Mongolia
|
6800-6900
|
6800-6900
|
→
|
Ex-works, including tax
|
|
Silicomanganese alloy
|
6014
|
Hunan
|
6000-6050
|
6000-6050
|
→
|
Ex-works, including tax
|
Silicomanganese alloy
|
Guangxi
|
6000-6050
|
5950-6050
|
→
|
Ex-works, including tax
|
|
Silicomanganese alloy
|
Guizhou
|
5900-6000
|
5900-6000
|
→
|
Ex-works, including tax
|
|
Silicomanganese alloy
|
Hunan
|
5600-5700
|
5600-5700
|
→
|
Ex-works, excluding tax
|
|
Silicomanganese alloy
|
Guangxi
|
5600-5650
|
5550-5650
|
→
|
Ex-works, excluding tax
|
|
Silicomanganese alloy
|
Guizhou
|
5500-5600
|
5500-5600
|
→
|
Ex-works, excluding tax
|
|
Silicomanganese alloy
|
58#
|
Hunan
|
5500-5550
|
5500-5550
|
→
|
Ex-works, excluding tax
|
Silicomanganese alloy
|
55#
|
Hunan
|
5300-5350
|
5300-5350
|
→
|
Ex-works, excluding tax
|
Silicomanganese alloy
|
50#
|
Hunan
|
4950-5050
|
4950-5050
|
→
|
Ex-works, excluding tax
|
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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