China Silicomanganese Alloy Market Movement: Silicomanganese Alloy Market Lacks Upward Momentum (2013-1-10)-Shanghai Metals Market

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China Silicomanganese Alloy Market Movement: Silicomanganese Alloy Market Lacks Upward Momentum (2013-1-10)

Price Review & Forecast 05:22:35PM Jan 10, 2013 Source:SMM

SHANGHAI, Jan. 10 (SMM) – The silicomanganese alloy market remained steady today. SMM sources report steel prices have been boosted recently by iron ore and oversea prices, but market fundamentals will not back them to soar. Besides, a cautious attitude permeated in the market due to fluctuating billet prices. Steel market will not make breakthroughs in the short term, and are expected to inch up.

Increases of iron ore and coke prices exceeded those of steel prices, so profits at steel plants did not improve. Besides, some silicomanganese alloy producers depleted goods at the year’s end to generate cash. SMM believes silicomanganese alloy should remain steady due to a lack of upward momentum.

Mainstream quotes for silicomanganese alloy today:
 

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Jan. 9 (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: Silicomanganese Alloy Market Lacks Upward Momentum (2013-1-10)

Price Review & Forecast 05:22:35PM Jan 10, 2013 Source:SMM

SHANGHAI, Jan. 10 (SMM) – The silicomanganese alloy market remained steady today. SMM sources report steel prices have been boosted recently by iron ore and oversea prices, but market fundamentals will not back them to soar. Besides, a cautious attitude permeated in the market due to fluctuating billet prices. Steel market will not make breakthroughs in the short term, and are expected to inch up.

Increases of iron ore and coke prices exceeded those of steel prices, so profits at steel plants did not improve. Besides, some silicomanganese alloy producers depleted goods at the year’s end to generate cash. SMM believes silicomanganese alloy should remain steady due to a lack of upward momentum.

Mainstream quotes for silicomanganese alloy today:
 

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Jan. 9 (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