Jiyuan Metallurgy increased silicomanganese production
2023-03-13 09:03:39 [Print]
BEIJING (Asian Metal) 13 Mar 23 - Ningxia Jiyuan Metallurgy Co., one of the major Chinese producers of silicomanganese Mn 65%min, Si 17%max, P 0.25%max, S 0.08%max, starts to increase their silicomanganese production in March, a source from this company revealed to Asian Metal.
The producer disclosed, "We lifted our output of silicomanganese since early this month and we plan to produce about 30,000t of silicomanganese Mn 65%min, Si 17%max, P 0.25%max, S 0.08%max in March". The producer produced approximately 20,000t of silicomanganese in February. They hold 6 furnaces of 33,000kVA at present.
The producer, based on the annual production capacity of 450,000t of silicomanganese, holds around 2,000t of inventory at the moment.
In spite of the soft demand and the increased inventory, the majority of silicomanganese producers in China have no intentions to cut their prices due to the high production costs. Currently, the mainstream prices of Chinese silicomanganese Mn 65%min, Si 17%max, P 0.25%max, S 0.08%max stay at RMB7,200-7,400/t (USD1,033-1,061/t) EXW D/P, in line with the middle of this week. As the market still stays in a low position, insiders believe that the prevailing prices of silicomanganese might edge down in the following days.
The producer disclosed, "We lifted our output of silicomanganese since early this month and we plan to produce about 30,000t of silicomanganese Mn 65%min, Si 17%max, P 0.25%max, S 0.08%max in March". The producer produced approximately 20,000t of silicomanganese in February. They hold 6 furnaces of 33,000kVA at present.
The producer, based on the annual production capacity of 450,000t of silicomanganese, holds around 2,000t of inventory at the moment.
In spite of the soft demand and the increased inventory, the majority of silicomanganese producers in China have no intentions to cut their prices due to the high production costs. Currently, the mainstream prices of Chinese silicomanganese Mn 65%min, Si 17%max, P 0.25%max, S 0.08%max stay at RMB7,200-7,400/t (USD1,033-1,061/t) EXW D/P, in line with the middle of this week. As the market still stays in a low position, insiders believe that the prevailing prices of silicomanganese might edge down in the following days.
