The Chinese domestic spot silico-manganese price has been less volatile so far in 2019 thanks to relatively balanced supply and demand fundamentals over the period, market sources told Fastmarkets on the sidelines of an industrial conference in Ulanqab, Inner Mongolia, on Thursday August 29.
Fastmarkets assessed the price of silico-manganese 65% Mn min, max 17% Si, in-whs China at 7,300-7,400 yuan ($1,019-1,033) per tonne on August 23, down by 2.6% from 7,500-7,600 yuan per tonne in early 2019. This compares with a 5.4% increase over the same period of 2018 when the price rose to 8,700-9,000 yuan per tonne on August 24, 2018, from 8,200-8,500 yuan per tonne in early 2018, Fastmarkets' price archive showed. In 2018, the price fell to an annual low of $6,800-7,200 yuan per tonne and rose to a year-high of 8,800-9,000 yuan - a 1,900-yuan price differential. This year so far, the gap between the year-low and -high is just 550 yuan....