Currently, silicon manganese 6517 ex-work price is still focused on RMB6,850-7,050/mt for suppliers, as high as RMB7,100-7,200/mt for traders.
As mainstream steelmakers concentrating purchase for September comes to end, it seems that silicon manganese market gradually show calm. However, tight supply leads most small scale mills purchase to suffer trouble. On the one hand, limit resource make those who have spot in hands tend to further push up price, one the other hand, some supplier and traders are reluctant to sell products given recent good performance for silicon manganese.
To sum up, since there are not many silicon manganese factories as expected to recover output considering high cost, it seems that continued shortage supply would likely to further push up silicon manganese in the future.