Manganese Alloys and Ore Market Summary August 2017

In August, steel mills still had a strong demand for silicomanganese.Asian Metal Copyright Before entering late August, prices for silicomanganese 6517 held stable at RMB6,800-7,000t USD1,049-1,080t DP ex works.Asian Metal Copyright During early-to-mid August, producers of the material were mostly making deliveries for orders with nearly no salable stocks in hand.Asian Metal Copyright05mtu CIF China from last round of quoting.Asian Metal Copyright Therefore, transactions in the spot market were limited with no significant changes of prices. Before entering late August, prices for silicomanganese 65/17 held stable at RMB6,800-7,000/t (USD1,049-1,080/t) D/P ex works. Starting from August 20, steel mills began to make centralized purchases and prices for the material rose to RMB7,100-7,300/t (USD1,095-1,126/t) D/P VAT included ex works following the increased raw material prices. Steel mills’ purchase prices were basically set at RMB7,500-7,650/t (USD1,157-1,180/t) D/A VAT included delivered. With increasing raw material prices, prices for silicomanganese 60/14 rose from RMB5,100-5,300/t (USD787-818/t) D/P VAT excluded ex works early this month to RMB5,400-5,600/t (USD833-864/t) D/P VAT excluded ex works.

The market saw limited enquiries for manganese ore early this month and prices barely changed. In mid-August, Comilog’s quotations for Gabonese manganese ore edged up by USD0.05/mtu CIF China from last round of quoting.Asian Metal Copyright Steel mills’ purchase prices were basically set at RMB7,500-7,650t USD1,157-1,180t DA VAT included delivered.Asian Metal Copyright Besides, demand from steel mills remained strong and spot stocks were mostly high-prices ore.Asian Metal Copyright Before entering late August, prices for silicomanganese 6517 held stable at RMB6,800-7,000t USD1,049-1,080t DP ex works.Asian Metal Copyright Restricted by production costs, traders raised quotations accordingly.Asian Metal Copyright Therefore, transactions in the spot market were limited with no significant changes of prices.Asian Metal Copyright While entering late August, prices for manganese ore began to stabilize.

.Asian Metal Copyright Before entering late August, prices for silicomanganese 6517 held stable at RMB6,800-7,000t USD1,049-1,080t DP ex worksAsian Metal Copyright