So far, the price of EMM in European countries kept stable. According to the latest MB data, the price of #99.7% EMM from Rotterdam warehouse still was about USD1900-1950/mt.

[Ferro-Alloys.com] As further downtrend of steelmakers bidding for May, it seems that silicon manganese spot market in China would be still hard to get out of dropping for the whole month.

[Ferro-Alloys.com]Since May, 1st, 2015, Chinese government will change resource tax of rare earth, W and Mo from ad specific to valorem tax.

cored wire

]This week LME nickel price rebounded a little, which closed at USD13455/mt on Apr.29th, rising by USDE740/mt than last week while nickel stock

In this week, the market price of EMM in Hunan, Chongqing and Guangxi areas was about CNY10,800-11,000 per mt, in Guizhou, about CNY10,500-10,700 per mt, and in Ningxia, it’s about CNY 11,100 per mt, which declined more than one hundred yuan per mt.

[Ferro-Alloys.com] By the end of April, the result of Hebei and Steel Group bidding on manganese for May further impacted on alloy future market.

[Ferro-Alloys.com] By the end of the month, Australian Mn46 lumps dropped to RMB25-26/mtu at ports in China. As for Mn48 sand ore, the price declined to RMB23.5-24.5/mtu in China.