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Silicon manganese futures hit 'limit up' amid South Africa supply concerns
Mar 26,2020 15:26CST
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The most-active silicon manganese contract for May delivery on the Zhengzhou Commodity Exchange (CZCE) surged to its maximum daily limit of 6% to a nearly seven-month high of 6,950 yuan/mt on March 26, as a nationwide lockdown of major ore supplier South Africa exacerbated supply woes. South Africa has imposed a 21-day nationwide lockdown from midnight on Thursday, in a bid to contain the coronavirus outbreak.
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