The Chinese domestic price for silico-manganese has drifted downward significantly in recent assessments because some alloy smelters reduced their offer prices to attract buying interest and generate cash amid the sluggish demand circumstances created by the outbreak of the 2019-nCoV coronavirus, market participants have told Fastmarkets.
Fastmarkets' latest assessment of the price of silico-manganese, 65% Mn min, max 17% Si, in-whs China, was 6,000-6,200 yuan ($854-882) per tonne on Friday February 21."Some small to medium-sized alloy smelters do not sign contracts with mills and usually sell their cargoes to traders, because the latter pay them more quickly than...