Silicon-Manganese Prices may Fall Further due to the Decline in Ore Prices

Published: Aug 30, 2022 15:47

Source: SMM

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Prices of #6517 silico-manganese were 7,050-7,150 yuan/mt in north China markets in cash, flat from the previous trading day.

SHANGHAI, Aug 30 (SMM) - Prices of #6517 silico-manganese were 7,050-7,150 yuan/mt in north China markets in cash, flat from the previous trading day, and these in south China markets moved between 7,050-7,200 yuan/mt. Silico-manganese prices remained stable today. A few silico-manganese factories have resumed production, but the daily output is small. However, the demand remains sluggish, hence the silico-manganese inventory was consumed slowly. Therefore, the prices could not rise amid the imbalanced supply and demand, and the decline in ore prices may further suppress the prices of silicon-manganese. SMM believes that the short-term spot prices will remain stable.

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