China silico-manganese futures surged on Monday morning, as concerns about manganese ore supply grew after the major supplier—South Africa announced a raft of measures to slow the spread of coronavirus. The most active silico-manganese futures on the Zhengzhou Commodity Exchange (ZCE) for May delivery surged more than 3% to its highest in over three weeks at 6,298 yuan/mt in morning trade.

On Apr 8, #6517 silico-manganese alloy in Inner Mongolia offered at an average 7,700 yuan/mt ex-works on acceptance

Price was up 70 yuan/mt from enquiries

In Mar, silico-manganese producers’ offers rose 200-300 yuan/mt from Feb

On Mar 19, #6517 silico-manganese alloy in Inner Mongolia was mostly offered at 7,850 yuan/mt ex-works on acceptance

Luoping government ordered the removal of 34 ferroalloy submerged-arc furnaces with capacity below 20,000KVA

On Feb 27, HBIS Group launched its tenders for March, with purchasing volume up 5,500 mt month on month to 28,500 mt

A large steelmaker in Hebei settled its latest purchasing price of silico-manganese alloy at 8,250 yuan/mt in its Jan tender

The price, including tax and transport costs, is 150 yuan/mt down from its Nov purchasing price

Three local mills were required to cut emissions by at least 30% from Nov 1 to Feb 28, 2019