China Silicomanganese Alloy Market Movement: Silicomanganese Alloy Market Remains Weak (2013-4-2)-Shanghai Metals Market

Hot Keywords

  • Air pollution
  • Inventory data
  • Zinc
  • Copper
  • Market commentary
  • Nickel
  • nickel laterite
  • hydrogenation stations
  • Aluminium
  • Nickel ore
  • Futures movement
  • Macroeconomics
  • Tin
  • Production data
  • Morning comments

China Silicomanganese Alloy Market Movement: Silicomanganese Alloy Market Remains Weak (2013-4-2)

SMM Insight 04:50:34PM Apr 02, 2013 Source:SMM

SHANGHAI, Apr. 2 (SMM) – The release of procurement prices by Hebei I/S continued to weigh on the already weak silicomanganese alloy market. Despite a slight decline in spot prices for manganese ore at ports, steel mills cut procurement prices for silicomanganese alloy by RMB 150-250/mt. Besides, market expected electricity prices will be lowered in south China and local governments may introduce electricity subsidy, but alloy producers were bearish to market outlook, believing alloy market is saturated, and SME alloy producers will increase output should supporting policy rolled out, which will pose heavier pressure on spot alloy prices. SMM believes the oversupply in silicomanganese alloy and other alloy markets left prices hard to increase in the short term.

Mainstream quotes for silicomanganese alloy today:

Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Apr. 1 (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
6350-6450
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
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
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 Market Remains Weak (2013-4-2)

SMM Insight 04:50:34PM Apr 02, 2013 Source:SMM

SHANGHAI, Apr. 2 (SMM) – The release of procurement prices by Hebei I/S continued to weigh on the already weak silicomanganese alloy market. Despite a slight decline in spot prices for manganese ore at ports, steel mills cut procurement prices for silicomanganese alloy by RMB 150-250/mt. Besides, market expected electricity prices will be lowered in south China and local governments may introduce electricity subsidy, but alloy producers were bearish to market outlook, believing alloy market is saturated, and SME alloy producers will increase output should supporting policy rolled out, which will pose heavier pressure on spot alloy prices. SMM believes the oversupply in silicomanganese alloy and other alloy markets left prices hard to increase in the short term.

Mainstream quotes for silicomanganese alloy today:

Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Apr. 1 (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
6350-6450
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
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
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