[Ferro-Alloys.com] In recent period, operation rates of manganese alloys kept stady on the whole as getting colder, while the situation seems to show different in south areas. As higher power in dry water season, coupled with ongoing poor sale, operation rates in south kept declining.

Silicon manganese 6517 is currently pricing at RMB6,100-6,300/mt and RMB5,350-5,450/mt for 6014. High carbon ferromanganese 65 is now concentrating on 5,400-5,600/mt. Medium carbon ferromanganese 75C2.0 with low p containing is focusing on RMB8,100-8,200/mt while RMB8,400-8,500/mt for 78C2.0 as well as RMB8,800-9,000/mt for 78C1.5. Low carbon ferromanganese 80C0.7 is traded at RMB9,600-9,800/mt.

In fact, by power price advantage, there are more and more large silicon manganese furnaces put into operation in Ningxia and Inner Mongolia which definitely brings about impact on enterprises in south areas. As for high ferromanganese, since large scale companies still struggled to maintain operation, the future market tendency would depend largely on relation between demand and supply. In terms of medium carbon ferromanganese, as most alloy factories tend to produce according to orders, prices seem to hold steady temporarily.

In general, as new round bidding approaching, manganese alloys companiese seems to lack of confidence on future market given poor demand, some participants also believed that silicon manganese would likely to face further downturn slightly, while in south, increasing costs from power allow producers to hold strong desire to push up sale later.

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• [Editor:Sophie]