China Silicomanganese Alloy Market Movement: Silicomanganese Alloy Price Remains Weak Due to Sufficient Supply (2013-3-11)-Shanghai Metals Market

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China Silicomanganese Alloy Market Movement: Silicomanganese Alloy Price Remains Weak Due to Sufficient Supply (2013-3-11)

Price Review & Forecast 06:14:56PM Mar 11, 2013 Source:SMM

SHANGHAI, Mar. 11 (SMM) – Steel prices continued to fall. But as due to improving weather and increasing downstream demand, and combined with steel plants raising ex-works prices, domestic steel prices dropped more slowly and inventories also grew at a slower pace. Domestic steel prices will likely rebound slightly this week.

Domestic silicomanganese alloy market remained steady. Steel plants mostly lowered March procurement prices by RMB 100-150/mt. SMM sources report that procurement prices by steel plants were concentrated between RMB 7,150-7,200/mt. Quotes for SiMn 65/17 in north China were RMB 6,850-7,050/mt (ex-works, including tax, by acceptance), and in south China were RMB 6,900-7,100/mt (ex-works, including tax, by acceptance).
 
Mainstream quotes for silicomanganese alloy today:
 

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Mar. 7 (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
6850-6900
By acceptance, ex-works, including tax
Silicomanganese alloy
Shanxi
6800-6850
6800-6850
Ex-works, including tax
Silicomanganese alloy
Inner Mongolia
6800-6850
6800-6850
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 Silicomanganese Alloy Market Movement: Silicomanganese Alloy Price Remains Weak Due to Sufficient Supply (2013-3-11)

Price Review & Forecast 06:14:56PM Mar 11, 2013 Source:SMM

SHANGHAI, Mar. 11 (SMM) – Steel prices continued to fall. But as due to improving weather and increasing downstream demand, and combined with steel plants raising ex-works prices, domestic steel prices dropped more slowly and inventories also grew at a slower pace. Domestic steel prices will likely rebound slightly this week.

Domestic silicomanganese alloy market remained steady. Steel plants mostly lowered March procurement prices by RMB 100-150/mt. SMM sources report that procurement prices by steel plants were concentrated between RMB 7,150-7,200/mt. Quotes for SiMn 65/17 in north China were RMB 6,850-7,050/mt (ex-works, including tax, by acceptance), and in south China were RMB 6,900-7,100/mt (ex-works, including tax, by acceptance).
 
Mainstream quotes for silicomanganese alloy today:
 

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Mar. 7 (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
6850-6900
By acceptance, ex-works, including tax
Silicomanganese alloy
Shanxi
6800-6850
6800-6850
Ex-works, including tax
Silicomanganese alloy
Inner Mongolia
6800-6850
6800-6850
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