[Ferro-Alloys.com] The spot price of Chinese high carbon ferromanganese products declined slightly during the past week. High carbon ferromanganese 65C7.0 was quoted at RMB7700-7800/mt, High carbon ferromanganese 75C7.0 was quoted at RMB8900-9000/mt, medium carbon ferromanganese 75C2.0 was quoted at RMB12600-12700/mt, medium carbon ferromanganese 78C2.0 was quoted at RMB13100-13400/mt, medium carbon ferromanganese 78C1.5 was quoted at RMB13500-13700/mt, low carbon ferromanganese 80C0.7 was quoted at RMB15100-15200/mt, low carbon ferromanganese 80C0.4 was quoted at RMB15300-15400/mt.

Shougang Group released its January tender price of 65# high carbon ferromanganese. It is RMB8150/mt, down by RMB350/mt month on month.

It is estimated that the price of high carbon ferromanganese will continue to drop slightly in January, 2017 as the result of weak demand, but the price of medium and low carbon ferromanganese will remain at a high level as the result of short supply in China.

• [Editor:Chen Zhen Seng]