Manganese Alloys and Ore Industry Annual Report 2017
2018-02-28 18:20:51 【Print】
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Introduction
Manganese alloy market fluctuated sharply in 2017 and deals kept dull in early the year. The higher range prices held at RMB8,000-8,200/t (USD1,263-1,295/t) VAT included EXW D/P in early January, which however slumped by RMB2,900/t (USD458/t) to RMB5,100-5,300/t (USD805-837/t) VAT included EXW D/P in early March. From March, spot stocks of silicomanganese tightened and producers held back for sales. Therefore, silicomanganese prices showed skyrocketed from the bottom level of RMB1,700/t (USD268/t) to RMB6,800-7,000/t (USD1,074-1,105/t) VAT included EXW D/P. The market was relatively stable in mid the year. However, the price hit a nearly 5-year new high at RMB9,300-9,500/t (USD1,469-1,500/t) VAT included EXW D/P affected by increasing prices for manganese ore and production suspension in Ningxia late this year. The higher range price had even hit RMB10,500-11,000/t (USD1,658-1,737/t) VAT included EXW D/P, but deals were limited in this range.
In 2017, the manganese ore market moved on the upward trend on the whole. On one hand, rebar prices started to move up continuously in China from April with high profitability and steel plants operated at full capacity, leading to a significant increase in silicomanganese demand. Thus, the consumption of manganese ore increased sharply compared with that in 2016. Statistics from China Customs indicated that the total imports from Jan to Dec 2017 have increased by nearly 4 million tons compared with the same period in 2016.
Manganese alloy market fluctuated sharply in 2017 and deals kept dull in early the year. The higher range prices held at RMB8,000-8,200/t (USD1,263-1,295/t) VAT included EXW D/P in early January, which however slumped by RMB2,900/t (USD458/t) to RMB5,100-5,300/t (USD805-837/t) VAT included EXW D/P in early March. From March, spot stocks of silicomanganese tightened and producers held back for sales. Therefore, silicomanganese prices showed skyrocketed from the bottom level of RMB1,700/t (USD268/t) to RMB6,800-7,000/t (USD1,074-1,105/t) VAT included EXW D/P. The market was relatively stable in mid the year. However, the price hit a nearly 5-year new high at RMB9,300-9,500/t (USD1,469-1,500/t) VAT included EXW D/P affected by increasing prices for manganese ore and production suspension in Ningxia late this year. The higher range price had even hit RMB10,500-11,000/t (USD1,658-1,737/t) VAT included EXW D/P, but deals were limited in this range.
In 2017, the manganese ore market moved on the upward trend on the whole. On one hand, rebar prices started to move up continuously in China from April with high profitability and steel plants operated at full capacity, leading to a significant increase in silicomanganese demand. Thus, the consumption of manganese ore increased sharply compared with that in 2016. Statistics from China Customs indicated that the total imports from Jan to Dec 2017 have increased by nearly 4 million tons compared with the same period in 2016.
