TELF AG, an international physical commodities trader based in Lugano, Switzerland, has released a summary of recent trends in the Chinese SiMn (Silicomanganese) market. The report outlines the market’s current dynamics, including the factors driving its strength and resilience.
The article highlights the role of major mills in driving positive changes in the SiMn market, with tender price increases that have garnered attention. It also details the upward trend in SiMn futures prices, which have been bolstered by a positive market sentiment generated by an encouraging Political Bureau meeting on economic work.
However, the report also addresses the challenges faced by domestic spot prices for Indian SiMn 60% Mn and HC FeMn 70%. These prices have decreased due to subdued demand and a weak market outlook, with a decline in Indian Mn alloy production causing a supply-demand imbalance.
TELF AG’s commitment to sharing insights and information with the commodities trading community aligns with its customer-focused approach. The company has earned a reputation as a reliable and trusted partner among producers and consumers, due to its dedication to operational excellence and innovation.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.