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China Silicomanganese Alloy Market Movement: Spot Silicomanganese Alloy Price Drops by RMB 50-100 /Mt (2013-3-4)
Mar 4,2013 18:22CST
price review forecast
Source:SMM
Domestic spot steel prices remained weak, with market confidence low.

SHANGHAI, Mar. 4 (SMM) – Domestic spot steel prices remained weak, with market confidence low. Trading inventories of major domestic steel products have been growing for several weeks, and hit a record high in the recent years. In the second trading week after the Chinese New Year holiday, steel output was high since end-user demand has yet to release, and inventories grew rapidly, and combined with weak steel futures prices, confidence in the spot steel market was depressed. In this context, spot prices of major steel products dropped across the board until last weekend.

Silicomanganese alloy procurement prices by steel plants dropped in March, with the price-to-factory between RMB 7,250-7,300/mt (including tax, by acceptance). The overall silicomanganese alloy market moved weakly, and spot prices dropped in response. Mainstream prices in Inner Mongolia fell from RMB 7,100-7,150/mt, to RMB 7,000-7,050/mt. Mainstream prices in Gansu fell RMB 50/mt, down from RMB 6,950-7,000/mt, to RMB 6,900-6,950/mt. Mainstream prices in Ningxia fell RMB 100/mt, down from RMB 6,950-7,000/mt, to RMB 6,850-6,900/mt. Prices in south China rarely changed.

Mainstream quotes for silicomanganese alloy today:
 

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Mar. 1 (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
6850-6900
6950-7000
↓100
By acceptance, ex-works, including tax
Silicomanganese alloy
Shanxi
6800-6850
6900-6950
↓100
Ex-works, including tax
Silicomanganese alloy
Inner Mongolia
6800-6850
6900-6950
↓100
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
Silicomanganese alloy procurement prices

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