Manganese alloys and ore market report in April 2017

Silicomanganese prices dropped and then increased in April. In early April, mainstream prices for silicomanganese 65/17 held at RMB6,800-7,000/t (USD987-1,016/t) VAT included ex works D/P; in mid-April, steel plants had completed central purchases, so the market saw weak demand and silicomanganese prices started to decline; with late April approaching, prices for the material held at RMB6,200-6,400/t (USD900-929/t) VAT included ex works D/P, down by RMB400/t (USD58.07/t) from early April. In late April, manganese ore prices climbed up quickly and the offer increased by RMB8-10/dmtu (USD1.Asian Metal Copyright In late April, steel plants finished purchases in succession with mainstream bidding prices for silicomanganese at RMB6,700-6,800t USD973-987t VAT included delivered to plants DA and the spot market tended to be stable.Asian Metal Copyright16-1.45/dmtu); so offers from silicomanganese producers moved up accordingly. Silicomanganese 65/17 prices picked up by RMB400/t (USD58.07/t) to RMB6,600-6,800/t (USD958-987/t) in late April. In late April, steel plants finished purchases in succession with mainstream bidding prices for silicomanganese at RMB6,700-6,800/t (USD973-987/t) VAT included delivered to plants D/A and the spot market tended to be stable.

In early and mid April, manganese ore prices continued to dip and small scaled traders reduced prices to clear out; moreover, affected by massive stocks at ports, manganese ore prices declined further. In late April, traders held back from sales and raised offers dramatically, so offers in the market were in a mess.Asian Metal Copyright Meantime, offers from overseas manganese ore suppliers in the Chinese market continued to rise and the price for Gabonese origin manganese lump 44.Asian Metal Copyright Meantime, offers from overseas manganese ore suppliers in the Chinese market continued to rise and the price for Gabonese origin manganese lump 44.Asian Metal Copyright In early April, mainstream prices for silicomanganese 6517 held at RMB6,800-7,000t USD987-1,016t VAT included ex works DP; in mid-April, steel plants had completed central purchases, so the market saw weak demand and silicomanganese prices started to decline; with late April approaching, prices for the material held at RMB6,200-6,400t USD900-929t VAT included ex works DP, down by RMB400t USD58.Asian Metal Copyright5% increased by USD0.7/mtu to USD5.9/mtu.Asian Metal Copyright In early and mid April, manganese ore prices continued to dip and small scaled traders reduced prices to clear out; moreover, affected by massive stocks at ports, manganese ore prices declined further.Asian Metal Copyright Manganese ore prices tended to pick up in a short term.
.Asian Metal Copyright45dmtu; so offers from silicomanganese producers moved up accordinglyAsian Metal Copyright