Chinese Mn Alloy Market Remained Sluggish (Jan 19th –Jan 23rd )

  • Monday, January 26, 2015
  • Source:ferro-alloys.com

  • Keywords:SiMn Silicon Manganese FeMn Ferromanganese Ferroalloy
[Fellow][Ferro-Alloys.com]In recent period, Chines manganese alloy market remained flat with poor performance. Silicon manganese 6517 is currently pricing at RMB5,650-5,800/mt in north and RMN5,900-6,000/mt forsouth,

[Ferro-Alloys.com]In recent period, Chines manganese alloy market remained flat with poor performance. Silicon manganese 6517 is currently pricing at RMB5,650-5,800/mt in north and RMN5,900-6,000/mt forsouth, and RMB5,300-5,400/mt for 6014. High carbon ferromanganese 65 is now concentrating on 5,100-5,200/mt. Medium carbon ferromanganese 75C2.0 with low p containing is focusing on RMB8,000-8,100/mt while RMB8,300-8,400/mt for 78C2.0 as well as RMB8,700-8,800/mt for 78C1.5. Low carbon ferromanganese 80C0.7 is traded at around RMB9,300/mt, some as low as RMB9,100-9,200/mt.

In terms of production, there were no obvious changes on manganese alloy production condition. In north, producers in Inner Mongolia still focused on fulfill orders to steelmakers, and two largest silicon manganese suppliers in Nningxia still struggled to maintain normal running. While in south, given as low as only roughly 20% operation rates, it seems that spot supply for manganes alloy would be very limit, and some mills even began to seek to products from northern areas to meet their need.

In general, several mills already proceeded to release Feb purchase plan.Due to confidence of alloys producers has been suffered hit, activities of participants seems to declined in the face of a new round of bidding.   

 

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  • [Editor:Sophie]

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