Shasteel Hikes Si-Mn Alloy Bid Price for August, SMM Reports

Silicon prices continued downward trend today, while Tianjin port 441# silicon stood at 22,700-22,800 yuan/mt, 3303# silicon at 23,500-23,700 yuan/mt.

The overhaul impacted the output of a large smelter in the south by a combined 40,000 mt across its three smelters, which exceeded expectations.

Domestic manganese ore supply grew by 15% in 2018 due to significant inflows of imported resources, even as domestic production shrank further amid environmental pressures.

The price trends of silicon metal diverged by specifications in November after falling for a whole month in October. The prices of most metallurgical-grade silicon metals rose briefly in mid-October and then pulled back rapidly, mainly because the downstream restocking demand rose intensively in a short term and then declined.

Western Gold announced on November 8 that it intends to purchase the equities of Akto Kebang Manganese Manufacturing Co., Ltd. (referred to as "Kebang Manganese"), Akto Baiyuanfeng Mining Industry Co., Ltd. (referred to as "Baiyuanfeng"), and Xinjiang Mengxin Tianba Mining Investment Co., Ltd. (referred to as "Mengxin Tianba"), and it will issue shares to qualified investors to raise matching funds.

This is a roundup of China's metals weekly inventory as of November 5.

The silicon metals prices skyrocketed in September and started to fall after the National Day holiday in October. The prices of oxygen-free 553# silicon basically lost all the gains in September, and the prices of high-grade silicon was relatively firm.

This is a roundup of China's metals weekly inventory as of October 15.

The silicon metal prices surged broadly by over 120% in September from the previous month, with 553# silicon with oxygen leading the gains. As of September 30, 553# silicon with oxygen in east China stood at 59,000 yuan/mt, up 154% on the month. The short supply of spot amid extensive power rationing in Yunnan and Sichuan was the main reason for the short-term surge of prices. While the production costs also increased on the back of rising prices of raw materials such as clean coal, supporting the silicon metal prices as well.

Shanghai Baosteel settled its June purchasing price of manganese in a tender at 14,200 yuan/mt, up 1,700 yuan/mt from the tender in May