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China Silicomanganese Alloy Market Movement: Silicomanganese Alloy Market Remains Steady (2013-3-25)
Mar 25,2013 18:53CST
price review forecast
Source:SMM
By March 22nd, 2013, trading inventories of the five major steel categories were 22.081 million mt, down 427,000 mt from the previous week.

SHANGHAI, Mar. 25 (SMM) – By March 22nd, 2013, trading inventories of the five major steel categories were 22.081 million mt, down 427,000 mt from the previous week, and the first decline in 14 weeks. Domestic steel inventories drop in late February or early March since 2007, but did not fall since late March this year.

Rebar futures prices stopped falling and rebounded, following a “V” curve, due to ore costs support, urbanization expectations and large capital from Zhejiang province. Rebar futures prices rebounded from RMB 3,741/mt, to RMB 3,928/mt since March 15th, with long momentum mounting.

Silicomanganese alloy prices moved steadily. SiMn 65/17 prices remained between RMB 6,800-7,000/mt (ex-works, including tax, by acceptance) in north China; prices in south China were RMB 6,850-6,950/mt (ex-works, including tax, by acceptance). SiMn 60/14 prices in south China were RMB 5,550-5,650/mt (ex-works, excluding tax, by cash).

Mainstream quotes for silicomanganese alloy today:
 

Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Mar. 22 (RMB/mt)
Fluctuation
Note
Silicomanganese alloy
6517
Liaoning
6850-6950
6900-7000
↓50
Ex-works, including tax
Silicomanganese alloy
Hunan
6650-6750
6650-6750
Ex-works, including tax
Silicomanganese alloy
Henan
6350-6400
6350-6450
↓25
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
6600-6700
6650-6750
↓50
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
6700-6750
6750-6800
↓50
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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