China SiMn Alloy Output In August And Forecast For September

SHANGHAI, Sep 12 (SMM) – China’s SiMn alloy output totalled 969,500 mt in August, up 2.16% MoM and 57.34% YoY, SMM data showed. The output totalled 7.51 million mt from January to August, a year-on-year increase of 9.95%. Output at some producers in Inner Mongolia fell slightly in August due to equipment failure-induced maintenance, while output in Ningxia rose. High bid price by steel mills encouraged producers in Guangxi, Guizhou and Chongqing to raise production. A longer month compared with July also contributed to higher output.

Expectations for demand recovery in peak season, coupled with stocking ahead of the Mid-Autumn Festival and National Day holiday will boost SiMn alloy demand. Therefore, we see domestic SiMn alloy output growing further to 973,900 mt in September.