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China Silicomanganese Alloy Market Movement: Silicomanganese Alloy Market Remains Sluggish Due to Expanding Steel Market Declines (2013-3-18)
Mar 18,2013 17:38CST
price review forecast
Source:SMM
The steel market continued to weaken due to sluggish end-user demand.

SHANGHAI, Mar. 18 (SMM) – The steel market continued to weaken due to sluggish end-user demand. Spot prices of major steel products have been falling over the past week, with the largest weekly declines since September 2012. High steel inventories and daily output caused steel supply and demand imbalance to grow, and combined with cash flow problems at the end of the month, the steel market was very sluggish.

In this context, spot silicomanganese alloy prices continued to fall. Operating rates at silicomanganese alloy producers did not drop noticeably. If producers do not cut output significantly, they will be inclined to discount goods in the near term.

Mainstream quotes for silicomanganese alloy today:

Product
Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Mar. 15 (RMB/mt)
Fluctuation
Note
Silicomanganese alloy
6517
Liaoning
6900-7000
6900-7000
Ex-works, including tax
Silicomanganese alloy
Hunan
6650-6750
6650-6750
Ex-works, including tax
Silicomanganese alloy
Henan
6350-6450
6350-6450
Excluding tax,
Trading Market
Silicomanganese alloy
Guangxi
6650-6750
6650-6750
Ex-works, including tax
Silicomanganese alloy
Sichuan
6650-6750
6650-6750
Ex-works, including tax
Silicomanganese alloy
Yunnan
6550-6650
6550-6650
Ex-works, including tax
Silicomanganese alloy
Guizhou
6650-6750
6650-6750
Ex-works, including tax
Silicomanganese alloy
Ningxia
6800-6850
6800-6850
By acceptance, ex-works, including tax
Silicomanganese alloy
Shanxi
6750-6800
6750-6800
Ex-works, including tax
Silicomanganese alloy
Inner Mongolia
6750-6800
6750-6800
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
5800-5850
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 prices

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