HBIS CONFIRMED ITS PRICE OF SIMN TENDER

HBIS, The largest buyer of Silicon manganese in China, with  demand around 30000mt per month, confirmed its purchased price

for Jan delivery at RMB6600/mt delivered to Mill warehouse against long term payment , that price is 650yuan higher than Dec,2019

but still lower at 1650yuan/mt than last Jan,2019.

Comments: The price is good senario that market of Silicon Manganese bottomed up from the beigining of next year, that is good for whole

supply chain, and from steel side, the demands keep stable and strong, steel prices are also stable with growing, and that is stand support to

all raw materials, on the other hand, manganese ore price went up sharply from delivery in Jan and Feb, and price at spot market also

activing and growing slowly. iI general and short term, Price of Manganese alloys and Ore will keep stable and go up furhter but slowly.

• [Editor:admin]