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[Ferro-Alloys.com] The price of Chinese silicon manganese products continued to drop slightly during the past week. The quotation of silicon manganese 6517 was RMB7600-7800/mt in Ningxia, the quotation was RMB7500-7800/mt in Inner Mongolia, and the quotation of silicon manganese 6517 was RMB7600-7800/mt in Guangxi. Furthermore, the quotation of silicon manganese 6014 was RMB5600-5800/mt in China.

The operating rate of Chinese silicon manganese enterprises dropped obviously during the past 30 days. An insider estimated that the price of Chinese silicon manganese products might rebound slightly in February.

It is estimated that the price of Chinese spot silicon manganese products will continue to decrease slightly in January, 2017 as the spot price of the upstream manganese ore has dropped RMB10/mtu during the past month. Furthermore, Chinese steel groups postponed their purchase before Spring Festival, so the demand has decreased at present.

• [Editor:Chen Zhen Seng]