Reports from China suggest that the domestic silicomanganese price has fallen back slightly amid a falling imported manganese ore price while international buyers are driving down prices.
In the domestic market FeMn65Si17 is quoted at CNY 7,900 - 8,450 per tonne; FeMn60Si14, at CNY 6,800 - 7,200 per tonne. Export prices are USD 1,300 to 1,500 per tonne.
Silicomanganese producers are willing to modestly adjust prices downwards to a reasonable level. As steelmakers hammer out purchase prices, along with highly- priced manganese ore stockpiles, there is expected not to be a dramatic fall in price in the short term.
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