Reduced spot liquidity（15/5/2019）
CFO2019-5-15: Since the market has been returned to the market this week, as the silicon-manganese enterprises in various regions have successively indicated that the spot orders are mainly produced, the spot supply is limited. The silico-manganese market gradually reversed the pre-weak atmosphere, and the transaction price gradually stabilized. 6517# concentrated at 7100 yuan/ton, and 6014# closed at 6400 yuan/ton.
The pricing from the terminal steel mills is roughly clear, and the middle traders are also intensified their purchase intentions in the first half of the month, which in turn makes the trading situation of silicomanganese better. On the one hand, with the gradual consumption of spot inventory, on the one hand, it stems from the support of high cost, the overall offer of silicon-manganese alloy manufacturers has gradually stabilized. As of the time of the author's publication, some manufacturers have raised their external quotations.
On the whole, the mainstream price of silicomanganese 6517# in the Inner Mongolia area of Ningxia has a slight increase of 50, which is concentrated in the tax-included 7100-7200 yuan/ton. The southern region is relatively stable at around 7200-7300 yuan / ton. Due to the pricing guidance of the terminal steel mills, there is still some resistance to the rise in transaction prices. As for the supply of silico-manganese itself is slightly reduced, and the upstream manganese ore is gradually stabilizing, the stability of silico-manganese is the mainstream in the short term.