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China Silicomanganese Alloy Market Movement: Steel Plants May Start Purchasing Silicomanganese Alloy in Coming Week (2013-2-22)
Feb 22,2013 14:43CST
smm insight
Source:SMM
Owing to soft terminal demand, steel prices lacked rising momentum in recent days. With steel stocks rising gradually, steel prices are likely to fluctuate near current levels in the future.

SHANGHAI, Feb. 22 (SMM) – Owing to soft terminal demand, steel prices lacked rising momentum in recent days. With steel stocks and daily crude steel output rising gradually, steel prices are likely to fluctuate near current levels for the foreseeable future.

Silicomanganese alloy prices remained stable, but some silicomanganese alloy producers tended to raise price quotes. However, since downstream buying has yet to increase, silicomanganese alloy market activity remained relatively quiet. SMM expects that most steel plants will start purchasing silicomanganese alloy for March in the coming week. Procurement prices for silicomanganese alloy should see no major changes as steel plants are maintaining normal production at present, and since spot silicomanganese alloy supply is not tight.
 
Mainstream quotes for silicomanganese alloy today:
 

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Feb. 21th (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 demand
China steel stocks
China steel prices
China silicomanganese alloy

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