In late May, SteelOrbis reported silicomanganese trending stable at $1,433-$1,499/mt in warehouse Pittsburgh. Sources noted limited trading in the spot market, but strong and continued demand in long-term contracts.
According to sources, silicomanganese prices have declined to $1,388-1,477/mt in warehouse Pittsburgh. The new range reflects a decline of $45/mt from the bottom of the previous range and $22/mt from the top of the same range. Prices reportedly declined slightly during recent negotiations for Q3 and H2 requirements on slightly higher availability from imported sources than initially expected.