Chinese silico-manganese is expected to bottom

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It was reported that most of the steel mills of the New Year's manganese reserves procurement has long been over, the existing stock, and in no hurry to purchase, a direct result of lack of market demand. For traders, in the case of market downturn, not rashly purchasing the stock market, the market traded poorly, adding to the market wait and see attitude.
North China is manganese Femn65Si17 mainstream of the market price is at 7900-8000 yuan / ton (tax included factory), southwest mainstream price 7800-7900 yuan / ton, individual manufacturers low-end transactions in 7700 yuan / ton (tax included factory) . The manufacturer said that the market is now silicon-manganese alloy prices to the cost of production lines, or even head south, said sales of individual manufacturers, the current market price began to appear upside down corporate profits,[link widoczny dla zalogowanych], cash flow difficulties can no longer continue production.
Again, the recent market continues to be freezing rain south of weather,[link widoczny dla zalogowanych], poor transportation, the temperature dropped, alloy manufacturers again increased the power shortage, Silicon manufacturers began to accelerate shutdown,[link widoczny dla zalogowanych], the gradual tightening of the market supply side, market prices began an initial stabilized.
Judging from the recent market changes, market supply silicon-manganese alloy surface with the gradual tightening of the South, in support of high tariffs and other cost factors, the market began a preliminary climb. Source: [link widoczny dla zalogowanych]