Monthly Manganese Alloys and Ore Market Report Feb 2018
2018-03-22 17:45:23 【Print】
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1. Market Highlights
During early-to-mid this month, most market participants in Chinese silicomanganese market have withdrawn from the market with limited spot deals concluded. With the end of purchases before the year end from consumers, spot silicomanganese prices declined slightly, but rare deals were concluded. The purchase prices of silicomanganese alloy for February were settled down at RM8,400-8,500/t (USD1,328-1,344/t) Inc-VAT delivered from steel plants and most producers focused on order deliveries. From late the month, Chinese market participants gradually returned to the market, gradually reviving the spot deals. Affected by higher manganese ore prices, the silicomanganese offer increased slightly by RMB200/t (USD31.61/t) in major production regions of Inner Mongolia, Ningxia and Guangxi. Steel plants gradually accepted the higher silicomanganese prices and spot transaction prices for the material held at RMB8,200-8,400/t (USD1,296-1,328/t) Inc-VAT EXW D/P approaching the end of the month.
Early-to-mid this month, enquires of manganese ore were limited at ports. However, spot manganese ore prices firmed up based on firm overseas prices. In addition, the stocks fell in short supply at ports and thus traders diverted their attention on the market after the Chinese New Year. Most market participants withdrew from the market approaching the lunar year end, leading to limited deals concluded in the market. After market participants returned to the market after the holiday in late February, offers from traders continued to rise with slightly increasing spot manganese ore prices based on surging offers from overseas mines despite the limited spot deals at ports.
During early-to-mid this month, most market participants in Chinese silicomanganese market have withdrawn from the market with limited spot deals concluded. With the end of purchases before the year end from consumers, spot silicomanganese prices declined slightly, but rare deals were concluded. The purchase prices of silicomanganese alloy for February were settled down at RM8,400-8,500/t (USD1,328-1,344/t) Inc-VAT delivered from steel plants and most producers focused on order deliveries. From late the month, Chinese market participants gradually returned to the market, gradually reviving the spot deals. Affected by higher manganese ore prices, the silicomanganese offer increased slightly by RMB200/t (USD31.61/t) in major production regions of Inner Mongolia, Ningxia and Guangxi. Steel plants gradually accepted the higher silicomanganese prices and spot transaction prices for the material held at RMB8,200-8,400/t (USD1,296-1,328/t) Inc-VAT EXW D/P approaching the end of the month.
Early-to-mid this month, enquires of manganese ore were limited at ports. However, spot manganese ore prices firmed up based on firm overseas prices. In addition, the stocks fell in short supply at ports and thus traders diverted their attention on the market after the Chinese New Year. Most market participants withdrew from the market approaching the lunar year end, leading to limited deals concluded in the market. After market participants returned to the market after the holiday in late February, offers from traders continued to rise with slightly increasing spot manganese ore prices based on surging offers from overseas mines despite the limited spot deals at ports.
