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WEEKLY: China’s SiMn price surges to 13-year high

ABSTRACT

China’s domestic price for 6517 silicomanganese under Mysteel’s assessment climbed again last week to touch a 13-year high of Yuan 10,968/tonne ($1,697/t) EXW and including the 13% VAT as of September 24, jumping by Yuan 1,478/t on week. Market expectations of lower supply, due to stricter curbs on energy use in many regions, continue to drive the SiMn price.
Over September 17-23, daily SiMn output among China’s 121 smelters slipped further for the fourth consecutive week, falling by another 1,584 tonnes/day on week to 18,830 t/d on average, a new low since Mysteel’s commenced the survey in July 2019. Many ferroalloy smelters in Southwest China’s Guangxi, Northwest China’s Ningxia and North China’s Inner Mongolia have had

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