Silicomanganese Imports Surged by 483.52% Mom in October, the Average Spot Price Fell by about 35% MoM

Published: Nov 22, 2021 17:15

Save

Ferro-silico-manganese imports stood at 8,356 mt in October, up 483.52% MoM and 457.07% YoY; the exports registered 7,129.7 mt, up 11.47% MoM and 105.64% YoY. Its exports total 93,090.53 mt from January to October, and the imports stood at 21,799 mt.

SHANGHAI, Nov 22 (SMM) – Ferro-silico-manganese imports stood at 8,356 mt in October, up 483.52% MoM and 457.07% YoY; the exports registered 7,129.7 mt, up 11.47% MoM and 105.64% YoY. Its exports total 93,090.53 mt from January to October, and the imports stood at 21,799 mt.

The output of silicomanganese gradually increased amid the easing of power rationing from mid-October. Alloy plants mainly delivered orders in early stage. The spot supply in the market gradually increased as the power rationing did not intensify. However, the output cut of downstream steel mills has not yet eased, and the spot prices of silico-manganese have corrected amid increasing supply and unchanged demand. As of today, the spot prices of silicomanganese in south China have dropped from a high of 12,850 yuan/mt (cash, ex-factory) in October to 8,450 yuan/mt (cash, ex-factory), down 34.24%; spot prices have fallen from 12,700 yuan/mt (cash, ex-factory) to 7,950 yuan/mt (cash, ex-factory), down 37.4%.

Some alloy plants are cutting their output while the spot supply in the market is digesting. There are rumours that steel mills are expected to resume production in December. If it is true, the supply and demand relationship of silico-manganese may change, and the spot price may stop falling, and correct slightly.

silicomanganese exports imports

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

3 hours ago

Baiyin Nonferrous Plans to Sell 33 Tons of Crude Selenium via Bidding, Minimum Premium at 10,500 RMB/ton

SMM March 11 News: According to official sources from Baiyin Nonferrous Group Co., Ltd., the company plans to sell 33 tons of crude selenium. The pricing mechanism will be based on bidding for the premium/discount. The minimum premium is set at 10,500 RMB/ton. This project requires three registered participants to proceed with the bidding. The registration deadline is 5:00 PM on March 16, 2026, and the bidding is scheduled to start at 3:00 PM on March 17, 2026. Given the recent positive trading conditions for crude selenium tenders, with relatively high transaction prices, market insiders anticipate that the outcome of this premium bidding will be worth watching.

3 hours ago

Baiyin Nonferrous Group Co., Ltd. Conducted a Competitive Bid Sale of 33 mt of Crude Selenium on the 11th [SMM Selenium Report]

3 hours ago

Baiyin Nonferrous Group Initiates Tender for 100 Tons of Crude Cadmium, Bidding Starts March 17, 2026

SMM March 11 News: According to SMM, the Northwest Lead and Zinc Smelter of Baiyin Nonferrous Group Co., Ltd. has initiated a public tender for the sale of approximately 100 tons of its crude cadmium. Specifically, according to official sources, the bidding base price is set at the SMM average price minus 500 RMB/ton, and the highest bidder will win the tender. This project requires three registered participants to proceed with the bidding. The registration deadline is 5:00 PM on March 16, 2026, and the bidding is scheduled to start at 10:00 AM on March 17, 2026.

3 hours ago