China Silicomanganese Alloy Market Movement: Silicomanganese Alloy Market Remains Sluggish (2013-4-3)-Shanghai Metals Market

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China Silicomanganese Alloy Market Movement: Silicomanganese Alloy Market Remains Sluggish (2013-4-3)

Price Review & Forecast 06:26:42PM Apr 03, 2013 Source:SMM

SHANGHAI, Apr. 3 (SMM) – The silicomanganese alloy market was poor, with traders purchasing cautiously so as to reduce risks. SMM sources report operating rates in Inner Mongolia were 65%, while operating rates in Yunnan were as low as 23.8%. The policy to lower electricity prices in the high-water season has yet to be decided, and most alloy producers report bidding prices by steel plants have been close to their cost lines, and continuing production will push them to losses. If steel plants in south China lower bidding prices, most alloy producers will suspend production.

Mainstream quotes for silicomanganese alloy today:
 

Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Apr. 2 (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
6300-6400
6350-6450
↓50
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 Sluggish (2013-4-3)

Price Review & Forecast 06:26:42PM Apr 03, 2013 Source:SMM

SHANGHAI, Apr. 3 (SMM) – The silicomanganese alloy market was poor, with traders purchasing cautiously so as to reduce risks. SMM sources report operating rates in Inner Mongolia were 65%, while operating rates in Yunnan were as low as 23.8%. The policy to lower electricity prices in the high-water season has yet to be decided, and most alloy producers report bidding prices by steel plants have been close to their cost lines, and continuing production will push them to losses. If steel plants in south China lower bidding prices, most alloy producers will suspend production.

Mainstream quotes for silicomanganese alloy today:
 

Brand
Province
Mainstream Prices Today (RMB/mt)
Mainstream Prices on Apr. 2 (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
6300-6400
6350-6450
↓50
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