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
|
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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