Chinese silicomanganese prices decrease
2023-03-14 08:34:49 [Print]
BEIJING (Asian Metal) 14 March 23 - In view of the sluggish demand and the increased inventory, most silicomanganese suppliers in China decrease their prices
A producer in North China mentioned, "We currently quote RMB7,200/t (USD1,046/t) EXW D/P for silicomanganese Mn 65%min, Si 17%min, P 0.25%max, S 0.04%max with the discount as much as EMB50/t (USD7/t)". The producer quoted RMB7,200/t (USD1,046/t) without concession late last week. The producer noted that they received no inquiry today and they last sold 200t at RMB7,200/t (USD1,046/t) early last week . Considering the high level of inventory in North China, the producer plans to reduce their price further if they could not receive new orders this week and thinks that the mainstream prices of Chinese silicomanganese would slip down in the following days.
The producer, with an annual production capacity of 200,000t of silicomanganese, plans to produce about 9,000t in March, in line with the previous month. The supplier holds no inventory now.
Another producer in North China disclosed that their quotation for silicomanganese Mn 65%min, Si 17%min, P 0.25%max, S 0.04%max in China stays at RMB7,200/t (USD1,046/t) EXW D/P today and they could accept the price as low as RMB7,100/t (USD1,032/t), while we quoted RMB7,200/t (USD1,046/t) with no counteroffer late last week. The producer noted, "We received no inquiry today and last sold 500t at RMB7,200/t (USD1,046/t) early last week" . Considering the high production costs, the producer prefers to keep their price unchanged and predicts that the mainstream prices of Chinese silicomanganese would remain steady this week despite the soft demand.
Based on the production capacity of 400,000tpy of silicomanganese, the producer intends to produce around 7,000t in March, increased by around 2,000t from last month. They have about 10,000t of inventory at the moment.
. The prevailing prices of silicomanganese Mn 65%min, Si 17%max, P 0 . 25%max, S 0.08%max in China hovers at RMB7,150-7,350/t (USD1,039-1,068/t) EXW D/P at present, down by RMB50/t (USD7/t) from the end of last week . Given the high production costs despite the soft demand, insiders predict that the mainstream prices of silicomanganese in China would stay at the current level this week.
A producer in North China mentioned, "We currently quote RMB7,200/t (USD1,046/t) EXW D/P for silicomanganese Mn 65%min, Si 17%min, P 0.25%max, S 0.04%max with the discount as much as EMB50/t (USD7/t)". The producer quoted RMB7,200/t (USD1,046/t) without concession late last week. The producer noted that they received no inquiry today and they last sold 200t at RMB7,200/t (USD1,046/t) early last week . Considering the high level of inventory in North China, the producer plans to reduce their price further if they could not receive new orders this week and thinks that the mainstream prices of Chinese silicomanganese would slip down in the following days.
The producer, with an annual production capacity of 200,000t of silicomanganese, plans to produce about 9,000t in March, in line with the previous month. The supplier holds no inventory now.
Another producer in North China disclosed that their quotation for silicomanganese Mn 65%min, Si 17%min, P 0.25%max, S 0.04%max in China stays at RMB7,200/t (USD1,046/t) EXW D/P today and they could accept the price as low as RMB7,100/t (USD1,032/t), while we quoted RMB7,200/t (USD1,046/t) with no counteroffer late last week. The producer noted, "We received no inquiry today and last sold 500t at RMB7,200/t (USD1,046/t) early last week" . Considering the high production costs, the producer prefers to keep their price unchanged and predicts that the mainstream prices of Chinese silicomanganese would remain steady this week despite the soft demand.
Based on the production capacity of 400,000tpy of silicomanganese, the producer intends to produce around 7,000t in March, increased by around 2,000t from last month. They have about 10,000t of inventory at the moment.