Monthly Manganese Alloys and Ore Market Report Jul 2018
2018-08-16 11:41:09 【Print】
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1. Market Highlights
Silicomanganese prices stood high in July. Early this month, most steel mills opened biddings, and the purchase prices greatly increased by RMB1,000/t (USD145/t) to RMB8,600/t (USD1,249/t) Inc-VAT delivered D/A; spot prices stood high at RMB8,000-8,200/t (USD1,161-1,191/t) Inc-VAT EXW D/P. In mid-July, the production restriction in major producing areas for environmental protection was over, and plants in Guangxi and Ningxia, etc. restarted submerged arc furnaces, then the spot supply increased; silicomanganese prices dropped to RMB7,800-8,000/t (USD1,132-1,161/t) Inc-VAT EXW D/P, down by RMB200/t (USD29.05/t). Late this month, although some producers resumed production, the operating rate was low in general, in addition, owing to the sharp decrease of output in June, producers' inventory in July was low, and the spot supply was still tight, so producers raised quotations to a high level of RMB8,000-8,200/t (USD1,161-1,191/t) Inc-VAT EXW D/P by the end of this month.
Manganese ore prices in Chinese market failed to reach a high level and slightly dropped this month. On the one hand, the total inventory of manganese ore at Tianjin port stayed at 2.3 million tons and kept increasing; on the other hand, the spot market was affected by the low-price manganese ore delivered to ports, and traders had to reduce quotations to promote deals.
Silicomanganese prices stood high in July. Early this month, most steel mills opened biddings, and the purchase prices greatly increased by RMB1,000/t (USD145/t) to RMB8,600/t (USD1,249/t) Inc-VAT delivered D/A; spot prices stood high at RMB8,000-8,200/t (USD1,161-1,191/t) Inc-VAT EXW D/P. In mid-July, the production restriction in major producing areas for environmental protection was over, and plants in Guangxi and Ningxia, etc. restarted submerged arc furnaces, then the spot supply increased; silicomanganese prices dropped to RMB7,800-8,000/t (USD1,132-1,161/t) Inc-VAT EXW D/P, down by RMB200/t (USD29.05/t). Late this month, although some producers resumed production, the operating rate was low in general, in addition, owing to the sharp decrease of output in June, producers' inventory in July was low, and the spot supply was still tight, so producers raised quotations to a high level of RMB8,000-8,200/t (USD1,161-1,191/t) Inc-VAT EXW D/P by the end of this month.
Manganese ore prices in Chinese market failed to reach a high level and slightly dropped this month. On the one hand, the total inventory of manganese ore at Tianjin port stayed at 2.3 million tons and kept increasing; on the other hand, the spot market was affected by the low-price manganese ore delivered to ports, and traders had to reduce quotations to promote deals.
