Chinese silicomanganese producers hold watchful attitudes
2023-04-07 08:34:06 [Print]
BEIJING (Asian Metal) 7 Apr 23 - Although the downstream clients purchase inactively, most silicomanganese suppliers in China prefer to keep their prices unchanged before the major steel mills release purchase prices. Currently, the prevailing prices of Chinese silicomanganese Mn 65%min Si 17%min P 0.25%max S 0.04%max keep at RMB7,100-7,300/t (USD1,031-1,060/t) EXW D/P, on par with the beginning of this week. Given the decreased raw material prices, insiders predict that the mainstream prices of Chinese silicomanganese would decrease slightly next week.
A producer in North China stated, "We have no intention to change our current price of silicomanganese before the major steel mills release purchase prices". The producer holds their quotation for silicomanganese Mn 65%min Si 17%min P 0.25%max S 0.04%max unchanged from early this week at RMB7,150/t (USD1,039/t) EXW D/P with the concession as much as RMB50/t (USD7/t). They received no inquiry so far this week and last sold 500t at RMB7,150/t (USD1,039/t) two weeks ago. Dragged by the sluggish demand and the soft raw materials prices, the producer holds a watchful attitude and believes that the mainstream prices of Chinese silicomanganese would move down next week.
With an annual production capacity of 100,000t of silicomanganese, the producer intends to produce around 5,000t in April, unchanged from last month. The producer has over 1,000t of inventory now.
A trader in South China complained, "Our clients only purchase from hand to mouth and delay their purchase plans this month and we currently hold a watchful attitude to the market". The trader does not quote proactively but could not accept a price lower than RMB7,100/t (USD1,031/t) EXW D/P for silicomanganese Mn 65%min Si 17%min P 0.25%max S 0.04%max, in line with early this week. The trader failed to receive new orders today and last sold 1,000t at RMB7,550/t (USD1,097/t) delivered with the freight of RMB200/t (USD24/t) at the beginning of March. Given the inactive market, the trader intends to hold a cautious attitude and predicts that the mainstream prices of Chinese silicomanganese would go down in the following week.
The trader, based on the regular monthly trading volume of around 5,000t of silicomanganese, predicts to sell about 3,000t in April, unchanged from that in March. They have no stock at present.
A producer in North China stated, "We have no intention to change our current price of silicomanganese before the major steel mills release purchase prices". The producer holds their quotation for silicomanganese Mn 65%min Si 17%min P 0.25%max S 0.04%max unchanged from early this week at RMB7,150/t (USD1,039/t) EXW D/P with the concession as much as RMB50/t (USD7/t). They received no inquiry so far this week and last sold 500t at RMB7,150/t (USD1,039/t) two weeks ago. Dragged by the sluggish demand and the soft raw materials prices, the producer holds a watchful attitude and believes that the mainstream prices of Chinese silicomanganese would move down next week.
With an annual production capacity of 100,000t of silicomanganese, the producer intends to produce around 5,000t in April, unchanged from last month. The producer has over 1,000t of inventory now.
A trader in South China complained, "Our clients only purchase from hand to mouth and delay their purchase plans this month and we currently hold a watchful attitude to the market". The trader does not quote proactively but could not accept a price lower than RMB7,100/t (USD1,031/t) EXW D/P for silicomanganese Mn 65%min Si 17%min P 0.25%max S 0.04%max, in line with early this week. The trader failed to receive new orders today and last sold 1,000t at RMB7,550/t (USD1,097/t) delivered with the freight of RMB200/t (USD24/t) at the beginning of March. Given the inactive market, the trader intends to hold a cautious attitude and predicts that the mainstream prices of Chinese silicomanganese would go down in the following week.
The trader, based on the regular monthly trading volume of around 5,000t of silicomanganese, predicts to sell about 3,000t in April, unchanged from that in March. They have no stock at present.
