high cost but downtrend sale aggravates falling operation rates in Guangxi area of China. Currently, silicon manganese 6517 is quoted at RMB6,800/mt by cash, and RMB6,900-7,000/mt for ex-work prices. In fact, higher power cost already contributed to limit supply in local area due to increasing shutdown among factories temporally. What’s more, continued cut by steel mills further depressed suppliers confidence on future market. Since those struggled to maintain operation factories are now keeping direct contact with steelmakers, silicon manganese spot supply is decreasing gradually, given that into consideration, it is estimated that downtrend for silicon manganese spot become more narrowed.
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Management
Reducing SiMn Spot Supply in Guangxi Area of China
Source： Time：2014-01-22 09:10:29 views：
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