It is reported that silicon manganese 6517 is still quoted at RMB6,650-6,750/mt in Ningxia of China. Since sale price has already kept at low level for some time, there are limit inventory to be left from suppliers amid contracted output in a row.
Silicon manganese 6517 is currently selling at RMB6,700/mt according to one producer in local area with 20,000 tons annual production capacity, there are two 12500kwh furnace to maintain operation in the wake of inspection, he added. In addition to that, another supplier also says current sale has already dropped to the bottom line, and he can not endure more cut.
In general, Chinese large silicon manganese suppliers have already successfully pushed Hebei Iron and Steel Group to put August purchase in line with July, which helped to stabilize silicon manganese price for the whole month