SHANGHAI, Jan. 22 (SMM) – SMM sources report rebar prices in most cities fell slightly, with transactions muted. Demand for building steel shrank leading up to the Chinese New Year holiday. Due to cash flow problems, steel traders will likely discount goods, and this might be a major reason why building steel market inches down before the holiday.
Besides, improving economy allowed rebar prices to rebound in early December. With optimism, steel inventories continued to grow, so steel prices are expected to drop.
Silicomanganese alloy prices remain steady, and the market will remain cautious until mainstream steel plants release silicomanganese alloy procurement prices for February.
Mainstream quotes for silicomanganese alloy today:
Product
|
Brand
|
Province
|
Mainstream Prices Today (RMB/mt)
|
Mainstream Prices on Jan. 21 (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
|
5950-6000
|
5900-6000
|
↑ 25
|
Ex-works, including tax
|
Silicomanganese alloy
|
Guangxi
|
5850-5950
|
5800-5900
|
↑ 50
|
Ex-works, including tax
|
|
Silicomanganese alloy
|
Guizhou
|
5850-5900
|
5800-5900
|
↑ 25
|
Ex-works, including tax
|
|
Silicomanganese alloy
|
Hunan
|
5600-5700
|
5600-5650
|
↑ 25
|
Ex-works, excluding tax
|
|
Silicomanganese alloy
|
Guangxi
|
5500-5600
|
5450-5550
|
↑ 50
|
Ex-works, excluding tax
|
|
Silicomanganese alloy
|
Guizhou
|
5500-5550
|
5450-5550
|
↑ 25
|
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
|
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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