[Ferro-Alloys.com]In recent period, prices of silicon manganese 6014 tumbled RMB50/mt from prior period, and non-standard silicon manganese proved to be in the same situation
[Ferro-Alloys.com]JISCO & Baosteel released their new tender prices this week. Tender price of JISCO is RMB6,450/50MT (delivered price by acceptance, tax included), and tender price of Baosteel is RMB6,450/50MT ( delivered price by cash, tax included).
[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB57,000-58,000/mt(USD9,344-9,508/mt, export duty excluded). Downstream V alloy market was sluggish, so buyers first purchased raw materials on orders.
[Ferro-Alloys.com]Chinese FeV50 price slipped to RMB67,000-68,000/mt (USD10,983-11,147/mt, export duty excluded) by acceptance. Steel mills with fund shortage hit tender price to a new low level.
[Ferro-Alloys.com]Despite ongoing sluggish demand, it seems that downtrend of imported manganese ore spot becomes gradually narrow in recent period for cost bosltering.