Author: Rudra
-
China: Silico manganese prices extend decline amid weak demand
• Prices fall further w-o-w on sluggish market sentiment • High inventories, weak steel demand weigh on market Chinese silico manganese prices (Mn 65%, Si 17%) declined further w-o-w to RMB 5,680-6,020/t ($834-884/t) exw, compared with RMB 5,790-6,090/t ($850-895/t) in the previous week. The market remained weak, as subdued downstream demand and persistent oversupply continued…