Silicomanganese charged by power shortages
Dec 19, 2007 | 07:51 AM
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Silicomanganese prices rose moderately in the Chinese market this week amid tight supply due to an electricity shortage in southwestern China.
Silicomanganese is trading at 9,600 to 9,900 yuan ($1,301 to $1,342) a tonne in the domestic market, up 200 yuan ($27) from a month ago.
"Our production has been cut by over 50 percent recently because of the limited electricity availability. In fact, we do not have any material for spot buyers and we are only executing some supplies under long-term contracts," said an executive at a manganese alloys producer in Guizhou province in southwestern China.....
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