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China Silicomanganese Alloy Market Movement: SiMi Market Remained Weak, Market Awaited April Bidding Prices from Steel Mills (2013-3-26)
Mar 26,2013 16:52CST
smm insight
Source:SMM
Silicomanganese alloy market remained weak on Tuesday, and steel mills are starting purchasing silicomanganese alloy for April.

SHANGHAI, Mar.26 – Silicomanganese alloy market remained weak on Tuesday, and steel mills are starting purchasing silicomanganese alloy for April. Given the depressed steel market and ample supply for silicomanganese alloy, mills were cautious and only purchased at low prices. Most mills reported adequate inventories and only waited for bidding prices offered by Henan I/S.

Mainstream ex-works prices (tax included, by acceptance) for 65/17 SiMn were mainly between RMB 6,800-7,000/mt in north China, and RMB 6,900-7,000/mt in south China, with mainstream traded prices in spot market holding stable. Only several cargo holders sell good at low prices. Despite the rising prices in oversea market, domestic manganese ore prices edged down, and alloy producers only purchased ore in limited amount with strong wait-and-see sentiment.

Mainstream quotes for silicomanganese alloy today:

Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Mar. 25 (RMB/mt)
Fluctuation
Note
Silicomanganese alloy
6517
Liaoning
6850-6950
6850-6950
Ex-works, including tax
Silicomanganese alloy
Hunan
6650-6750
6650-6750
Ex-works, including tax
Silicomanganese alloy
Henan
6350-6400
6350-6400
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
6600-6700
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
6700-6750
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
5800-5850
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
SiMn prices
manganese ore prices

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