NEW YORK Traders continue
to be nonplussed over flat silicomanganese pricing amid
expectations of an increase.
silicomanganese prices held in a range of 53 to 57 cents per
pound March 28 as rumors swirled of silicomanganese being
offered as low as 52 cents.
"Im scratching my head as
to why prices are as low as they are. I cant see how
anyone can sell at 52 cents per pound based on the replacement
costs right now," one trader said.
Two other traders predicted that
silicomanganese prices could rise shortly, noting that the
material was trading in a range of 72 to 75 cents per pound at
the end of March 2012.
Purchases made by Nucor Corp. earlier this month for the
rest of the year have been taken by some as an indication that
consumers foresee a price increase (
amm.com, March 8).