On March 27, SteelOrbis reported silicomanganese prices stable at $1,433-$1,499/mt in warehouse Pittsburgh.
According to sources, silicomanganese continues trading at $1,433-$1,499/mt in warehouse Pittsburgh. Sources note limited trading in the spot market, but strong and continued demand in long-term contracts.
Supply is described as tight, therefore limiting the probability of price declines despite the silicomanganese price erosion in the Chinese futures and spot markets through the month of April. Sources add that while US prices on silicomanganese have remained stable, EU and Indian prices have increased slightly in their own domestic markets over the past few weeks.