Silico-Manganese Spot Traders were Reluctant to Quote amid Falling Futures Prices

SHANGHAI, Apr 25 (SMM) - On April 25, prices of #6517 silico-manganese in the north and south China markets varied. In the north China market, silico-manganese was quoted at 8,450-8,550 yuan/mt in cash, and 8,500-8,700 yuan/mt in cash in the south China market.  Lower quotes in the north market were caused by the higher inventories and the falling futures prices. The whole market mainly held a wait-and-see attitude. The more active south China market was contributed by the relatively low spot inventory and better demand.

Disclaimer:

The above representation and data is based on market information SMM believes to be reliable at the time of acquiring as well as the comprehensive assessment by SMM research team, and any and all information provided in this article is for reference only. This article does not constitute a direct recommendation for investment or any decisions in any form and clients shall act on their own discreet and any decisions made by clients are not within the responsibility of SMM.