WEEKLY: China SiMn prices reverse up, sentiment improves
Aug 10, 2020 17:00
See Full-size Table Here
China’s silicomanganese (SiMn) prices showed some signs of recovery over the past week thanks to improved market sentiment boosted by the strength of the manganese ore market. Over the July 31-August 6 week, the price of 6517 grade SiMn in North China gained Yuan 25/tonne ($3.6/t) on week to Yuan 6,000/t EXW and including the 13% VAT, according to Mysteel’s database.
The slight lift in domestic SiMn prices
ended the persistent decline since late May, Mysteel Global notes. “Some
manganese ore exporters announced higher offering prices for October shipments
to China, boosting the sentiment in the domestic manganese ore and SiMn markets,”
a source in Shanghai said.
For example, United Manganese of Kalahari
(UMK), a manganese ore