Both spot and futures silico-manganese prices in China have risen significantly over the past month, helped by comparatively limited availability of spot cargoes at Chinese smelters' warehouses and steady demand from steel mills, market sources told Fastmarkets.
Fastmarkets' weekly price assessment of silico-manganese 65% Mn min, max 17% Si, in-whs China was 6,100-6,200 yuan ($932-947) per tonne on Friday December 18, up by 350-400 yuan per tonne (6.5%) from 5,750-5,800 yuan per tonne on November 20.Relatively limited availability of silico-manganese at domestic smelters' warehouses implies less sales pressure for...