Chinese SiMn price recovers, market sentiment improving
Dec 13, 2019 17:30
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Chinese silicomanganese prices saw some recovery over the December 6-12 week given the limited supplies in the spot market. As of December 12, the price for 6517 grade SiMn in North China had reversed up by Yuan 125/tonne ($17.9) on week to reach Yuan 5,925/t EXW including the 13% VAT, according to Mysteel’s data.
“Recently, many domestic SiMn smelters, especially for
those in South and Southwest China, were reluctant to accept low selling prices
after noting the decrease in spot supply (for the ferroalloy),” a market source
in Shanghai explained.
SiMn prices in South China were about Yuan 100/t higher
than those in North China, as “spot supply in