[Ferro-Alloys.com]In recent period, there was no big fluctuation on high carbon ferromanganese in China. However, as poor sale condition become worse, some traders were forced to push down further. It is said that the main quotation of high carbon ferromanganese 65C7.0 in Shangxi focused on RMB5,200-5,300/mt while RMB5,250-5,350/mt for businessmen in Tianjin area. In fact, continuous downturn sale resulted in thin profit for traders with rising capital pressure. What’s more,  sale pressure further dampened producers’ and traders’confidence on next round bidding of steelmakers.

In general, since the payment difference by cash and by acceptance only stand at RMB100/mt, cash payment seems to gain the popularity among factories and traders.

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• [Editor:Sophie]