SunSirs: Hebei Iron and Steel Group's Pricing Has Not Been Set Yet, and the Spot Market of Silicomanganese May Be Temporarily Stable
May 14 2021 14:23:15 SunSirs (John)
Price trend
The average price of femn68si18 in Ningxia is about 7,100 RMB/ton, and the spot market is running well.
Analysis review
The market of raw material manganese ore is strongly upward, and the port price has slightly increased recently, with an increase of 0.5-1 RMB/ton. Due to insufficient system output, the power grid in Ulanqab region is expected to use 900,000 kilowatt hours of power for staggered peak avoidance and 1 million kilowatt hours of power for orderly use. Ulanqab is the largest ferroalloy production base in China, involving more than 20 silicon manganese alloy enterprises, more than 35 ferrochrome enterprises and about 2 ferrosilicon enterprises. The impact of this notice can not be ignored.
From the downstream point of view, the bidding price of steel plants has been released one after another. Hebei Iron and Steel Group's inquiry of 7,100 RMB/ton (300 RMB/ton higher than last month) is obviously lower than the market expectation, and the industry acceptance is not high. So far, there is no latest progress.
Market outlook
In the short term, the spot market of silicomanganese may be stable temporarily, and the market will be further clear after Hebei Iron and Steel Group sets the price.
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- 2023-05-18 SunSirs: Ministry of Commerce: Steel Prices Slightly Increased Last Week
- 2023-03-20 SunSirs: Weekly Report of Silicomanganese Market Last Week
- 2023-03-13 SunSirs: China Becomes a Major Consumer of Manganese Ore
- 2023-02-01 SunSirs: In December 2022, China's Mild Thick and Wide Steel Plate Production will be 16.64 Million Tons
