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Home / Metal News / High SiMn Prices Fall amid Supply-Demand Game

High SiMn Prices Fall amid Supply-Demand Game

Feb 7, 2023 11:54

Source:SMM

Prices of #6517 silicon-manganese were 7,350-7,400 yuan/mt in north China markets in cash, down 25 yuan/mt from the previous trading day,

SHANGHAI, Feb 7 (SMM) - Prices of #6517 silicon-manganese were 7,350-7,400 yuan/mt in north China markets in cash, down 25 yuan/mt from the previous trading day, and those in south China markets moved between 7400-7450 yuan/mt, flat from the previous trading day. According to SMM, the current downstream demand has not yet been released, and thus the high SiMn prices fell. However, the high prices of manganese ore strongly supported the SiMn prices, and silicomanganese manufacturers were obviously reluctant to sell at low prices. On the whole, the current mainstream bid of steel mills have not yet started, and the market is in a game of supply and demand.

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