[Ferro-Alloys.com]At present, the price of manganese ore has jumped up tremendously since last November, Chinese Silicon Manganese and Ferro Manganese smelters have suffered huge expenses , while the Prices of Silicon manganese in Spot and Zhengzhou Commoditiy Exchange future market are being pressured by speculators, and prices in both spot and future markets are decending. Smelters are facing huge risk if such situation last for sometimes.
In order to keep the steable and avoid the prices of Mn ore and SiMn heavily flatterable , major Smelters from the Chinese Manganese Alloys Committee agreed to cut down their production volume by 10%-50% from April. and expected other plants could also restrict their productions supply.
The restriction of producing Managnese Alloys is to reduce the the production and reduce the consumption of the manganese ore. Hope that action will keep manganese industry in the safe and order circumistances.