Japanese spot silicomanganese prices continued to fall this week amid asupply glut as consumption continues to fall across China, India and Europe, market sources said Thursday, December 4.

[Ferro-Alloys.com]Chinese APT transacted at RMB140,000-141,000/mt (USD22,950-23,114/mt, export duty excluded) amid weak demand. Current price had no profit room for suppliers, so some producers opted to cut output.

[Ferro-Alloys.com]Chinese FeW70 was offered at RMB163,000-164,000/mt (USD26,721-26,885/mt, export duty excluded) by acceptance. A Hunan suppliers reported fix sales due to solid demand from steel mills.

[Ferro-Alloys.com]The following is the chart of China’s domestic prices of Iran orgin chrome ore 42% lumpy. The prices were in a downtrend channel in 2012, but the prices rose greatly in the first quarter of 2013 and then dipped, which stabilized at RMB48-49/...

The high FeNi tender price of Tisco in Dec. was pulled up by RMB240 to RMB1170/Ni, which really shocked the market, as most of the steel mills had settled the benchmark price at RMB1100/Ni (delivery price with tax). According to the market, the trading volume ...

[Ferro-Alloys.com]Ongoing weak market aggravated medium and low carbon ferromanganese suppliers’ pressure despite HBIS failed to further cut on December bidding.In additon, higher power price in south areas for dry water season allowed producers to hold

In India, the demand from steel mills is weak, and the producers lowered its offer price for domestic consumption by US$10 per ton from the middle of November. The price for export also dropped by US$10, which represented a decrease of US$20 - US$25 versus

[Ferro-Alloys.com]As we can see clearly from the chart, HBIS put bidding price on silicon manganese a gradual slide since 2014 except June which makes alloy suppliers suffer greatly. In fact, the average bidding price of HBIS on silicon manganese for the whole...