Spot SiMn Trading Remains Sluggish as the Chinese New Year Comes Closer, while the Futures Market Picks up_SMM

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Home / Metal News / Steel & Iron Ore / Spot SiMn Trading Remains Sluggish as the Chinese New Year Comes Closer, while the Futures Market Picks up

Spot SiMn Trading Remains Sluggish as the Chinese New Year Comes Closer, while the Futures Market Picks up

Jan 17, 2023 15:21

CST

Source:SMM

Prices of #6517 silico-manganese were 7,300-7,350 yuan/mt in the north China market in cash, flat from the previous trading day.

SHANGHAI, Jan 17 (SMM) - Prices of #6517 silico-manganese were 7,300-7,350 yuan/mt in the north China market in cash, flat from the previous trading day, and those in the south China market moved between 7,350-7,400 yuan/mt, flat from the previous trading day. According to SMM research, the market transactions stagnated as the Chinese New Year comes closer, and most manufacturers focused on delivering orders. The soaring futures prices boosted the manufacturers’ sentiment, and the market picked up.

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