SunSirs: Weekly Report on Silicomanganese Market (5.22-5.26)
May 29 2023 13:42:43On May 29th, the benchmark price of silicomanganese in SunSirs was 6725.00 RMB/ton, a decrease of -3.00% compared to the beginning of this month (6933.33 RMB/ton).
This week, the market price of silicomanganese futures continued to drop to the edge of the Ningxia cost line, and the spot market of silicomanganese was weak and downward. The market mentality was fragile, and the trading atmosphere was acceptable. The transaction price slightly declined, and the profits of manufacturers were average.
According to the Commodity Market Analysis System of SunSirs, the market quotation for silicomanganese in Ningxia region (specification FeMN68Si18) was around 6650-6850 RMB/ton on May 26th, with an average market price of 6725 RMB/ton, a decrease of 2.37% compared to the beginning of the week.
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