Manganese Alloys and Ore Industry Annual Report 2018

Introduction

In 2018, the price of manganese alloy in the Chinese market was generally at a high level. At the beginning of the year, "2+26" cities such as Hebei and Shanxi reduced production in the heating season, and the demand for silicomanganese showed a significant decline. Transaction prices of silicomanganese dropped from RMB8,600-8,800/t (USD1,286-1,316/t) EXW D/P in early January to RMB7,800-8,000/t (USD1,166-1,196/t) EXW D/P in late March, down by RMB800/t (USD119/t).Asian Metal Copyright Transaction prices of silicomanganese dropped from RMB8,600-8,800t USD1,286-1,316t EXW DP in early January to RMB7,800-8,000t USD1,166-1,196t EXW DP in late March, down by RMB800t USD119t.Asian Metal Copyright From Q2, the production restriction upon steel mills was overs, and rebar prices greatly increased.Asian Metal Copyright However, under the support of high costs, the decreasing range of silicomanganese prices was not large, only a small decline.Asian Metal Copyright Steel mills were at full capacity, so the demand for silicomanganese recovered, and the transaction price bottomed out.Asian Metal Copyright Consumers also increased the purchase volume of low-grade manganese ore to control production costs of silicomanganese, and mainstream manganese ore prices went down.Asian Metal Copyright In the third quarter, rebar prices continued to rise, and demand for silicomanganese increased.Asian Metal Copyright However, under the support of high costs, the decreasing range of silicomanganese prices was not large, only a small decline.Asian Metal Copyright Under this strong demand, the price of silicomanganese further moved up. Transaction prices of silicomanganese before the fourth quarter rose to RMB8,500-8,700/t (USD1,271-1,301/t), up by nearly RMB700/t (USD104/t) from Q2.Asian Metal Copyright Transaction prices of silicomanganese dropped from RMB8,600-8,800t USD1,286-1,316t EXW DP in early January to RMB7,800-8,000t USD1,166-1,196t EXW DP in late March, down by RMB800t USD119t.Asian Metal Copyright At the beginning of the fourth quarter, the demand for silicomanganese declined slightly, and prices began to fall.Asian Metal Copyright Transaction prices of silicomanganese dropped from RMB8,600-8,800t USD1,286-1,316t EXW DP in early January to RMB7,800-8,000t USD1,166-1,196t EXW DP in late March, down by RMB800t USD119t.Asian Metal Copyright However, under the support of high costs, the decreasing range of silicomanganese prices was not large, only a small decline.

Manganese ore prices in China showed significant fluctuation in 2018. Early this year, owing to the increase of silicomanganese prices, transaction prices of manganese ore at ports greatly increased.Asian Metal Copyright However, under the support of high costs, the decreasing range of silicomanganese prices was not large, only a small decline.Asian Metal Copyright But from Q2, more low-grade and low-price manganese ore from Malaysia and other countries were delivered to ports.Asian Metal Copyright However, under the support of high costs, the decreasing range of silicomanganese prices was not large, only a small decline.Asian Metal Copyright Consumers also increased the purchase volume of low-grade manganese ore to control production costs of silicomanganese, and mainstream manganese ore prices went down. From H2, the profit of silicomanganese in North China was always over RMB1,000/t (USD149/t).Asian Metal Copyright Transaction prices of silicomanganese dropped from RMB8,600-8,800t USD1,286-1,316t EXW DP in early January to RMB7,800-8,000t USD1,166-1,196t EXW DP in late March, down by RMB800t USD119t.Asian Metal Copyright The output of silicomanganese increased, and the new capacity of silicomanganese also gradually released, so the demand for manganese ore further increased.

.Asian Metal CopyrightIntroduction In 2018, the price of manganese alloy in the Chinese market was generally at a high levelAsian Metal Copyright