[Ferro-Alloys.com]At the 11th China Ferro-alloys international confenerce,  Mr. Wang Yue, General manager of Shanghai Jinneng Resource Co.，ltd made a splendid speech on topic of Outlook On Manganese Ore and Manganese Alloys Market in 2014

Mr. Wang pointed out that China's economy from the high growth period into steady growth, while the Chinese government tight credit wide currency contributed direct result to industrial companies. Grim situation for steel market brought about unprecedent challenge on steel mills, the ferroalloy was in the same worse situation troubled by extend the period of payment from steelmakers.

In respect of changes in manganes alloy and manganes ore market in recent years, Mr. Wang indicated that the price of manganese ore basicly followed the changes of manganese alloys, but there is a certain lag.Given that into consideration, the movement of manganese alloy later would be crucial for manganese ore spot tendency. In addition, Mr Wang also makes an analysis on ore imports volume, and structure changes as well as market demand and supply.

In the end, as of outlook on future marke,t General manager Mr Mang expressed that traders would be still cautious with limited deals despite a sharp downturn for manganese ore future prices recently, becase spot price in China failed to cease to decline. As no big improvement for market supply, ore the importers will not purchase large quantities.

• [Editor:Sophie]