[Ferro-Alloys.com]In recent period, further turbulance for silicon manganese 6014 aggravated shutdown phenomenon in China, especially for those suppliers who still have mass stocks in the hands. The transaction price of 6014 in Guanyang of Guangxi already lowered to RMB4,900/mt by cash without tax from RMB4,920-4,930/mt by cash without tax last week according to one of producers in local area. In fact, given Spring Festival is around the corner, it seems that producers have less interest on offering price, and for those already shutdown also have no intention to recover production in the near future. In Henan, one of traders purchased silicon manganese 6014 with RMB4,950/my by cash without tax.

All in all, since no good news on steel market, it is estimated that silicon manganese 6014 would be also maintain poor performance.

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• [Editor:Sophie]