iconMay 17, 2019 18:04

This week, the silicon-manganese alloy market continues to run smoothly, the overall fluctuation is not big, the northern mainstream quotation in 7100-7250 yuan / ton (cash ex-factory price), the transaction price is 7050-7150 yuan / ton. The mainstream price in the south is 7250-7300 yuan / tonnage, and the transaction price is 7150-7250 yuan / tonnage.

At the beginning of the week, the silicon and manganese market remained stable compared with last week, and most of the northern alloy manufacturers were full, mainly to complete steel mill orders. In addition, the delivery date of futures manganese silicon 1905 has arrived, and the spot and inventory of manufacturers are still difficult to accumulate. As a result of the spot quantity is slightly short, many manufacturers temporarily do not new May new order, this also brings the possibility for the short-term future price. Close to the weekend, the transaction price is still not significantly improved, traders inquiry, the pace of picking goods has been accelerated, alloy manufacturers have slightly raised the price, Jiajia range of about 50 to 100 yuan / ton, but the trading volume at high prices has not yet increased significantly.

Since the steel moves were finalized one after another this month, the alloy manufacturers have been busy with the production of orders, and the quotations have not been active, giving priority to stable price delivery. Next week, the silicon and manganese market will continue to maintain a low consolidation state without the support of the news side. Although the willingness of some manufacturers to stand up to the price is obvious, but in addition to the spot inventory is less, there is no other good support, so the mainstream price of silicon and manganese is still quite difficult.

 

Weekly Review
Silicon and Manganese. Silicon manganese alloy

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All