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China Silicomanganese Alloy Market Movement: Silicomanganese Alloy Market Not Boosted by Rising Steel Prices (2013-2-20)
Feb 20,2013 15:57CST
smm insight
Source:SMM
Major steel plants are raising steel prices at present due to high production cost and market optimism. Many steel plants increased ex-work prices for March.

SHANGHAI, Feb. 20 (SMM) – Major steel plants are raising steel prices at present due to high production cost and market optimism. Many steel plants increased ex-work prices for March, boosting market expectation over their 1Q profits. Domestic steel enterprises which can barely maintain meager profit through 2012 are likely to reverse losses temporarily in 1Q.

Silicomanganese alloy market, however, remained stable as manganese ore prices kept strong. Electricity prices and coke prices remained highs. Railway transportation fee was raised by nearly 13% for 1 mt of silicomanganese alloy per kilometer, much higher than market anticipated. Hence, silicomanganese alloy suffered more production costs.

SMM believes that steel industry is still facing challenges now. If steel demand can not improve following the Chinese New Year holiday, silicomanganese alloy prices will be depressed. Nevertheless, considering high production cost at silicomanganese alloy producers, silicomanganese alloy prices will probably fluctuate at current levels for the foreseeable future.

Mainstream quotes for silicomanganese alloy today:

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Feb. 18th (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
Acceptance bill payment, 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
5950-6000
Ex-works, including tax
Silicomanganese alloy
Guangxi
5850-5950
5850-5950
Ex-works, including tax
Silicomanganese alloy
Guizhou
5850-5900
5850-5900
Ex-works, including tax
Silicomanganese alloy
Hunan
5600-5700
5600-5700
Ex-works, excluding tax
Silicomanganese alloy
Guangxi
5500-5600
5500-5600
Ex-works, excluding tax
Silicomanganese alloy
Guizhou
5500-5550
5500-5550
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 steel plants
China silicomanganese alloy market
China manganese ore
China electricity prices

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