SiMn Alloy Prices Diverge between North and South China, Bid from Steel Mills Coming Soon

SHANGHAI, Feb 24 (SMM) - SiMn alloy prices rose in north China today, but were unchanged in the south. Prices gained 50 yuan/mt to 7,200-7,300 yuan/mt for 6517 SiMn alloy in Inner Mongolia, and rose 100 yuan/mt to 7,200-7,300 yuan/mt in Ningxia. However, prices were flat at 7,400-7,450 yuan/mt in Guangxi and 7,350-7,400 yuan/mt in Guizhou. With a new round of bid from steel mills coming soon, wait-and-see sentiment dominated the market.