China Silicomanganese Alloy Market Movement: Low Demand from Steel Plants, Costs Back Silicomanganese Alloy Prices (2013-1-15)-Shanghai Metals Market

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China Silicomanganese Alloy Market Movement: Low Demand from Steel Plants, Costs Back Silicomanganese Alloy Prices (2013-1-15)

Price Review & Forecast 04:58:36PM Jan 15, 2013 Source:SMM

SHANGHAI, Jan. 15 (SMM) – SMM sources report demand for steel is weak due to the weather and upcoming Chinese New Year holiday, so steel prices are expected to fluctuate at high levels in the near term. Meanwhile, profits at steel plants did not improve due to rising raw material prices. As such, most steel plants are in low demand for silicomanganese alloy after finishing purchase plan for January-February. Silicomanganese alloy prices find strong support from manganese ore and coke costs.

Mainstream quotes for silicomanganese alloy today:
 

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Jan. 14 (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 Demand from Steel Plants, Costs Back Silicomanganese Alloy Prices (2013-1-15)

Price Review & Forecast 04:58:36PM Jan 15, 2013 Source:SMM

SHANGHAI, Jan. 15 (SMM) – SMM sources report demand for steel is weak due to the weather and upcoming Chinese New Year holiday, so steel prices are expected to fluctuate at high levels in the near term. Meanwhile, profits at steel plants did not improve due to rising raw material prices. As such, most steel plants are in low demand for silicomanganese alloy after finishing purchase plan for January-February. Silicomanganese alloy prices find strong support from manganese ore and coke costs.

Mainstream quotes for silicomanganese alloy today:
 

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Jan. 14 (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