Weekly Review of Silicon and Manganese Market (3.25 to 3.29): Silicon and Manganese prices were flat and the pace of steel moves last week was not as good as expected

The first quarter of 2019 is coming to an end, but the steel move in April has been delayed in the future. The steel move, which has not yet been concentrated, has brought some waves to the market mood. Alloy manufacturers this week from waiting for steel moves, continue to cherish the sale until this Friday to want to raise the price again. The bidding price of silicon and manganese in Shagang announced this week is 7972 yuan per ton (including 13% tax, accepted to the factory price) has not fully reached the psychological price of all manufacturers in the market, and some manufacturers have indicated that they will challenge the price of steel mills. However, because Shagang bidding chang is often favored by traders, according to SMM, traders mostly accept this price. Some traders said that after this week, the current silicon and manganese prices are unknown, will be cautious in and out of goods, in the absence of a clear mainstream steel prices will remain on the sidelines, reducing trading risk.

Today SMM Inner Mongolia Si mn 6517 quoted at 7850 yuan / ton (accepted ex-factory price), the same as yesterday.