HBIS Launched Tenders for May FeSi

China will remove the interium export duty of other ferroalloys including ferrophosphorus (FeP) from May 1st, 2015. Enterprises indicated there may be some advantages and disadvantages coexisting for the removal.

[Ferro-Alloys.com]It is reported that BHP already unveiled new round manganese ore shipment to China.

Some merchants shows when the price declined to CNY11,100 per mt, more and more small plants had to stop producing.

[Ferro-Alloys.com]Since May1st, FeW export duty dropped to zero from 20%. Customers called to know the newest price after duty removal. Their buying intention improved, with many orders in negotiation.

[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB54,000-55,000/mt, which was rather firm. Most V alloy actively secured low-priced materials, but vanadium pent oxide suppliers rejected to sell at low level.

[Ferro-Alloys.com]It is reported that China totally inported 1.368 million tons of manganese ore in March of 2015 according to dada provided by Chinese Customs Statistics, showing on the rise from 0.94 million tons in Feb.

Recently, Jingxi Dameng New Material Co.,Ltd. produced EMM normally, about 50 tons per day, and the price was about CNY11,000 per mt.