Manganese Alloys and Ore Market Report November 2016

During early November, steel mills generally finished their concentrated purchases with purchase prices largely at RMB8,200-8,300/t VAT included delivered to the plant by acceptance.Asian Metal CopyrightDuring early November, steel mills generally finished their concentrated purchases with purchase prices largely at RMB8,200-8,300t VAT included delivered to the plant by acceptance.Asian Metal Copyright Alloy plants started to reduce production as they failed to purchase manganese ore at prices they can afford, resulting in tighter supply and higher prices. Moving into mid-to-late November, silicomanganese prices began rising with spot prices moving up from RMB8,000-8,200/t to RMB8,500-8,700/t VAT included delivered to the plant by acceptance for a time.Asian Metal Copyright Moving into mid-to-late November, silicomanganese prices began rising with spot prices moving up from RMB8,000-8,200t to RMB8,500-8,700t VAT included delivered to the plant by acceptance for a time.Asian Metal Copyright Steel mills will stock up in December and prices for raw materials of manganese ore and coke showed no signs of fallback, so silicomanganese prices are anticipated to go up further in December.

Manganese ore prices were much more stable in November than in October. Prices had reached higher levels by the end of October, but end consumers were slow to purchase at high prices, so traders hesitated to raise prices further; as a result, suppliers of high grade manganese ore, plagued by poor sales, lowered prices slightly to promote sales approaching the end of the month.Asian Metal Copyright Steel mills will stock up in December and prices for raw materials of manganese ore and coke showed no signs of fallback, so silicomanganese prices are anticipated to go up further in December.Asian Metal Copyright However, that was just a temporary behavior.Asian Metal Copyright Moving into mid-to-late November, silicomanganese prices began rising with spot prices moving up from RMB8,000-8,200t to RMB8,500-8,700t VAT included delivered to the plant by acceptance for a time.Asian Metal Copyright Therefore, prices may continue to rise supported by CIF prices.

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