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Weekly Review of Silicon and Manganese Market (4.8 to 4.12): Silicon and Manganese prices fall again and the Market is slightly weak

iconApr 12, 2019 17:11

The price of silicon and manganese is generally stable this week, with a decrease in high quotation manufacturers, roughly in line with market expectations.

Qingming Festival short holiday returned to the overall stability of the national silicon and manganese market, the mainstream steel prices in the north and south are basically set, but the higher offer in March has been reduced, while the profit has declined slightly. The price in the north is stable as a whole, and it is not disturbed by the scattered news surface. The main reason for the slight confusion in the southern quotation is that there is more production capacity in the south in the near future. In order to win the market as soon as possible, the new manufacturers sell at a low price, while the manufacturers who originally maintain production are subject to the pressure of profit and cash flow due to the previous low price. I have no intention of shipping at a low price. This week, the average price of silicon and manganese in the south is 50 to 100 yuan / ton higher than that in the north.

In the context of low profits, manufacturers generally intend to suppress mine prices. This week's manganese mine prices fell by 1 to 2 yuan per tonnage compared with last week. Some traders said they were close to the cost line, and it is very unlikely that they will lower their quotations in the future. But at present, based on high inventory and low profits downstream, manganese ore trading volume this week is relatively flat, multi-alloy plant to inquire, wait-and-see atmosphere is thicker.

Today SMM Inner Mongolia Si mn 6517 average quotation is 7700 yuan / ton (including tax 13%, accepted ex-factory price), 50 yuan / ton lower than last week.

Weekly Review
Silicon and Manganese. Silicon manganese alloy

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