Last Updated on: 22nd November 2023, 02:38 pm
TELF AG, an international physical commodities trader with 30 years of experience, have released a summary highlighting the recent trends in the Chinese SiMn (Silicomanganese) market. Based in Lugano, Switzerland, the company has a long-standing reputation as a leader in the sector, providing producers with tailored solutions for marketing, financing, and logistics.
The summary discusses the market’s upward trajectory, driven by higher transaction prices and a greater sense of optimism within the industry. Major mills have announced tender price increases, which have been a key factor in this growth. Additionally, SiMn futures prices have mirrored the gains seen in other ferrous commodity futures, owing to a favorable market sentiment following a Political Bureau meeting on economic work.
The article also notes the challenges faced by the Indian SiMn 60% Mn and HC FeMn 70% spot prices, which have declined due to subdued demand and a weak market outlook. This has been partly attributed to a decrease in Indian Mn alloy production, creating a supply-demand imbalance.
TELF AG’s commitment to providing insights to the commodities trading community is reflective of its customer-focused approach. The company’s dedication to operational excellence has earned it a reputation as a trusted partner among producers and consumers.
