Falling futures prices, shrinking buying interest weaken China silico-manganese

China's domestic silico-manganese spot price retreated in the latest assessment to Friday August 21 in response to falling futures prices and shrinking buying interest, market sources told Fastmarkets.

Fastmarkets assessed the silico-manganese, 65% Mn min, max 17% Si, in-whs China price at 5,900-6,000 yuan ($852-866) per tonne on Friday, down by 2.1% from 6,000-6,150 yuan per tonne on August 14 when it registered a week-on-week rise of 3.4% on the support of strengthening portside ore and alloy markets.
The continuously falling futures prices over the past week weighed on overall market sentiment and many domestic alloy smelters had to lower their offer prices to secure deals as a result, according to market sources.

The most-traded September silico-manganese contract on the Zhengzhou Commodity Exchange closed at 6,140 yuan per tonne on August 21, down by...

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