Power supply restrictions to rally prices of silico-manganese alloy late-Apr-Shanghai Metals Market

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Power supply restrictions to rally prices of silico-manganese alloy late-Apr

Price Review & Forecast 01:50:33PM Apr 11, 2019 Source:SMM

SHANGHAI, Apr 11 (SMM) – Restrictions on electricity supply in some northern areas of China from the latter half of April are likely to tighten the supply of silico-manganese alloy and bolster prices, an SMM survey found on Thursday April 11. 

The looming electricity supply cuts helped stem the decline in prices of #6517 silico-manganese alloy in Inner Mongolia, which averaged 7,700 yuan/mt on Thursday April 11, ex-works on acceptance and including value-added tax of 13%. This was flat from Wednesday April 10, after slid some 50 yuan/mt week on week on Monday April 8

Producers of silico-manganese alloy in the north are likely to receive the notice of power cuts on April 16, SMM learned. 

Separately, offers of manganese ore from traders declined some 0.5 yuan/mtu on Thursday April 11 as profits at downstream alloy producers narrowed. 

Power supply restrictions to rally prices of silico-manganese alloy late-Apr

Price Review & Forecast 01:50:33PM Apr 11, 2019 Source:SMM

SHANGHAI, Apr 11 (SMM) – Restrictions on electricity supply in some northern areas of China from the latter half of April are likely to tighten the supply of silico-manganese alloy and bolster prices, an SMM survey found on Thursday April 11. 

The looming electricity supply cuts helped stem the decline in prices of #6517 silico-manganese alloy in Inner Mongolia, which averaged 7,700 yuan/mt on Thursday April 11, ex-works on acceptance and including value-added tax of 13%. This was flat from Wednesday April 10, after slid some 50 yuan/mt week on week on Monday April 8

Producers of silico-manganese alloy in the north are likely to receive the notice of power cuts on April 16, SMM learned. 

Separately, offers of manganese ore from traders declined some 0.5 yuan/mtu on Thursday April 11 as profits at downstream alloy producers narrowed.