The has been a drop in the silicomanganese price in China which...

The has been a drop in the silicomanganese price in China which isn't unexpected as it went so high.
According to Mysteel, the price of silico-manganese in the domestic market in Inner Mongolia dropped another 175 to 9750-10100 yuan/ton. This is around US$1,550/tonne add 20% for export = US1,860/t
This is US$245/t higher than what OMH reported in the Sept Qty report.( ie US$1,615/t CIF Japan).
In India the prices of both silico manganese (60-14) and ferro manganese (FC70%) are currently up around 30% since the third week of September.

FERROSILICON
OM Sarawak (OM) in Malaysia still stops offer of ferro-silicon for the spot market until the end of the year. OM seems to set the January shipment price, which is almost same as that from China or slightly higher than that from China. Pertama Ferroalloys (Pertama), located at the same Samalaju Industrial Park, described that Pertama is fully occupied by settlement for producing and shipping the long-term contract, and there is no offer for the spot products for Japan.

SILICOMANGANESE
The price of Indian silicomanganese product soared after October. Because the producer was eager to raise the price from the past. In addition, the following bullish factors gathered;
(1) Electricity charge was raised because coal price for power generation increased;
(2) The price of semicoke increased;
(3) The price of the imported manganese ore increased;
(4) The price in the European market increased; and
(5) Chinese trading companies increased the purchase volume from India.

Japanese users are also obliged to accept purchasing products at higher prices for procuring spot products. In response to the drastic price increase of ferro-silicon, electric furnace steelmakers and blast furnace steelmakers increased the usage ratio of silicomanganese. It becomes a favorable wind. Compared to the price at the end of September, the contract price is up by US$550 to US$700.

In terms of Malaysian silicomanganese, OM Sarawak (OM) and Pertama Ferroalloys Sdn. Bhd. (Pertama) are producing. In terms of spot products in this year, OM stopped offers. In terms of inquiries, OM returned December shipment offer, and the concluded price is almost same as that of products from India. Meanwhile, Pertama is fully occupied by settlement of producing and shipping the long-term contract. There is no offer of spot products for Japan.

From this we can understand that OM Sarawak has fully sold all product for 2021.