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China Silicomanganese Alloy Market Movement: Hebei I/S to Initiate Silicomanganese Alloy Bid for December (2012-11-27)

iconNov 27, 2012 15:45
Source:SMM
Quotations for silicomanganese alloy continued to increase on Tuesday

 

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
silicomanganese alloy prices

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