China Silicomanganese Alloy Market Movement: Low Operating Rates at Silicomanganese Alloy Producers in Guangxi (2013-1-8)-Shanghai Metals Market

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China Silicomanganese Alloy Market Movement: Low Operating Rates at Silicomanganese Alloy Producers in Guangxi (2013-1-8)

Price Review & Forecast 05:36:15PM Jan 08, 2013 Source:SMM

SHANGHAI, Jan. 8 (SMM) – The silicomanganese alloy market remained steady today. Quotes for SiMn 65/17 in north China were RMB 6,950-7,100/mt (ex-works, by acceptance), and prices for SiMn 60/14 in Guilin, Guangxi were RMB 5,500-5,550/mt (ex-works, excluding tax).

SMM sources report electricity prices for some regions in Guangxi were lowered by RMB 0.0567/kwh, but silicomanganese alloy producers in Guangxi did not raise operating rates. Operating rates in Guilin were about 1/4, while in Chongzuo were 30%. Operating rates in Qinzhou and Baise were high due to low electricity prices.

SMM sources report Guangxi will prolong the RMB 0.0189/kwh electricity price adjustment funds set to expire December 31, 2012 to June 2014, with electricity prices at silicomanganese alloy producers in Guangxi remaining at RMB 0.6-0.61/kwh. Some regions implemented RMB 0.55-0.58/kwh due to subsidy by local governments. Nearly half of producers will spend 2-3 months to improve electric furnaces from 6300KVA to 12500KVA. Enterprises are unwilling to restart production due to high electricity prices and imported manganese ore prices. Operating rates in Guangxi are generally low.

Mainstream quotes for silicomanganese alloy today:
 

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Jan. 7 (RMB/mt)
Fluctuation
Note
Silicomanganese alloy
6517
Liaoning
6950-7050
6950-7050
Ex-works, including tax
Silicomanganese alloy
Hunan
6700-6800
6700-6800
Ex-works, including tax
Silicomanganese alloy
Henan
6400-6500
6400-6500
Excluding tax,
Trading Market
Silicomanganese alloy
Guangxi
6700-6800
6700-6800
Ex-works, including tax
Silicomanganese alloy
Sichuan
6700-6800
6700-6800
Ex-works, including tax
Silicomanganese alloy
Yunnan
6600-6700
6600-6700
Ex-works, including tax
Silicomanganese alloy
Guizhou
6700-6800
6700-6800
Ex-works, including tax
Silicomanganese alloy
Ningxia
6950-7000
6950-7000
By acceptance, ex-works, including tax
Silicomanganese alloy
Shanxi
6900-6950
6900-6950
Ex-works, including tax
Silicomanganese alloy
Inner Mongolia
6900-6950
6900-6950
Ex-works, including tax
Silicomanganese alloy
6014
Hunan
5900-6000
5900-6000
Ex-works, including tax
Silicomanganese alloy
Guangxi
5800-5900
5800-5900
Ex-works, including tax
Silicomanganese alloy
Guizhou
5800-5900
5800-5900
Ex-works, including tax
Silicomanganese alloy
Hunan
5600-5650
5600-5650
Ex-works, excluding tax
Silicomanganese alloy
Guangxi
5450-5550
5450-5550
Ex-works, excluding tax
Silicomanganese alloy
Guizhou
5450-5550
5450-5550
Ex-works, excluding tax
Silicomanganese alloy
58#
Hunan
5350-5400
5350-5400
Ex-works, excluding tax
Silicomanganese alloy
55#
Hunan
5200-5250
5200-5250
Ex-works, excluding tax
Silicomanganese alloy
50#
Hunan
4850-4900
4850-4900
Ex-works, excluding tax

China Silicomanganese Alloy Market Movement: Low Operating Rates at Silicomanganese Alloy Producers in Guangxi (2013-1-8)

Price Review & Forecast 05:36:15PM Jan 08, 2013 Source:SMM

SHANGHAI, Jan. 8 (SMM) – The silicomanganese alloy market remained steady today. Quotes for SiMn 65/17 in north China were RMB 6,950-7,100/mt (ex-works, by acceptance), and prices for SiMn 60/14 in Guilin, Guangxi were RMB 5,500-5,550/mt (ex-works, excluding tax).

SMM sources report electricity prices for some regions in Guangxi were lowered by RMB 0.0567/kwh, but silicomanganese alloy producers in Guangxi did not raise operating rates. Operating rates in Guilin were about 1/4, while in Chongzuo were 30%. Operating rates in Qinzhou and Baise were high due to low electricity prices.

SMM sources report Guangxi will prolong the RMB 0.0189/kwh electricity price adjustment funds set to expire December 31, 2012 to June 2014, with electricity prices at silicomanganese alloy producers in Guangxi remaining at RMB 0.6-0.61/kwh. Some regions implemented RMB 0.55-0.58/kwh due to subsidy by local governments. Nearly half of producers will spend 2-3 months to improve electric furnaces from 6300KVA to 12500KVA. Enterprises are unwilling to restart production due to high electricity prices and imported manganese ore prices. Operating rates in Guangxi are generally low.

Mainstream quotes for silicomanganese alloy today:
 

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Jan. 7 (RMB/mt)
Fluctuation
Note
Silicomanganese alloy
6517
Liaoning
6950-7050
6950-7050
Ex-works, including tax
Silicomanganese alloy
Hunan
6700-6800
6700-6800
Ex-works, including tax
Silicomanganese alloy
Henan
6400-6500
6400-6500
Excluding tax,
Trading Market
Silicomanganese alloy
Guangxi
6700-6800
6700-6800
Ex-works, including tax
Silicomanganese alloy
Sichuan
6700-6800
6700-6800
Ex-works, including tax
Silicomanganese alloy
Yunnan
6600-6700
6600-6700
Ex-works, including tax
Silicomanganese alloy
Guizhou
6700-6800
6700-6800
Ex-works, including tax
Silicomanganese alloy
Ningxia
6950-7000
6950-7000
By acceptance, ex-works, including tax
Silicomanganese alloy
Shanxi
6900-6950
6900-6950
Ex-works, including tax
Silicomanganese alloy
Inner Mongolia
6900-6950
6900-6950
Ex-works, including tax
Silicomanganese alloy
6014
Hunan
5900-6000
5900-6000
Ex-works, including tax
Silicomanganese alloy
Guangxi
5800-5900
5800-5900
Ex-works, including tax
Silicomanganese alloy
Guizhou
5800-5900
5800-5900
Ex-works, including tax
Silicomanganese alloy
Hunan
5600-5650
5600-5650
Ex-works, excluding tax
Silicomanganese alloy
Guangxi
5450-5550
5450-5550
Ex-works, excluding tax
Silicomanganese alloy
Guizhou
5450-5550
5450-5550
Ex-works, excluding tax
Silicomanganese alloy
58#
Hunan
5350-5400
5350-5400
Ex-works, excluding tax
Silicomanganese alloy
55#
Hunan
5200-5250
5200-5250
Ex-works, excluding tax
Silicomanganese alloy
50#
Hunan
4850-4900
4850-4900
Ex-works, excluding tax