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Amid Strong Expectations and a Weak Market, SiMn Market Sentiment Turned Cold

iconMar 22, 2023 09:57
Source:SMM
The most-traded SiMn contract fluctuated around 7,500 yuan/mt throughout February

SHANGHAI, Mar 22 (SMM) - The most-traded SiMn contract fluctuated around 7,500 yuan/mt throughout February, with the highest and lowest point at 7,616 yuan/mt (down 2.73% from the high of 7,830 yuan/mt in January) and 7,380 yuan/mt respectively. SiMn alloy futures prices basically followed the movement of other ferrous metals. Amid strong expectations and a weak market, market sentiment turned cold compared to last month.

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