Profit-taking sinks silicomanganese prices

Mar 30, 2012 | 10:59 AM | Thorsten Schier

Tags  silicomanganese, Felman, Thorsten Schier

NEW YORK — U.S. silicomanganese prices have eased amid profit-taking by market participants holding small stocks of material.

"The guys who bought a couple of hundred tons earlier in the year in the mid-60s (cents per pound) are dumping their positions. But once that material is all sold out, we could see prices pick up again," one trader said.....

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