Chinese MC ferromanganese prices stay firm
2023-04-28 08:31:31 [Print]
BEIJING (Asian Metal) 28 Apr 23 - Most Chinese MC ferromanganese suppliers intend to firm their prices currently until the major steel mills release their purchase prices. Therefore, the current mainstream prices of Chinese ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max remain at RMB8,600-8,800/t (USD1,242-1,271/t) EXW D/P, on par with the middle of this week. Given that the market runs slow, insiders predict that the mainstream prices of Chinese MC ferromanganese would edge down in the coming days.
A trader in North China offers RMB8,800/t (USD1,271/t) EXW D/P for ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max and they could consider the counteroffer as much as RMB50/t (USD7/t), unchanged from mid this week. The trader sold 50t at RMB8,750/t (USD1,263/t) two weeks ago and they received no orders after that. Because of the decreased prices of raw materials, the trader believes that the mainstream prices of Chinese MC ferromanganese would go down next week.
The trader, with the regular monthly trading volume of 200t of MC ferromanganese, estimates to sell 100t this month, on par with last month. They presently have around 200t of stocks.
A producer in South China mentioned that their quotation for ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max stands at RMB8,700/t (USD1,256/t) EXW D/P without concessions, unchanged from mid this week. The producer received no inquiry today and last sold 200t at RMB8,700/t (USD1,256/t) mid last week. Considering the decreased prices of raw materials, the producer believes that the prevailing prices of Chinese MC ferromanganese would decrease slightly in the following days.
Based on the annual production capacity of 42,000t of MC ferromanganese, the producer plans to produce 2,000t in April, in line with the previous month. They hold no inventory at the moment.
A trader in North China offers RMB8,800/t (USD1,271/t) EXW D/P for ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max and they could consider the counteroffer as much as RMB50/t (USD7/t), unchanged from mid this week. The trader sold 50t at RMB8,750/t (USD1,263/t) two weeks ago and they received no orders after that. Because of the decreased prices of raw materials, the trader believes that the mainstream prices of Chinese MC ferromanganese would go down next week.
The trader, with the regular monthly trading volume of 200t of MC ferromanganese, estimates to sell 100t this month, on par with last month. They presently have around 200t of stocks.
A producer in South China mentioned that their quotation for ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max stands at RMB8,700/t (USD1,256/t) EXW D/P without concessions, unchanged from mid this week. The producer received no inquiry today and last sold 200t at RMB8,700/t (USD1,256/t) mid last week. Considering the decreased prices of raw materials, the producer believes that the prevailing prices of Chinese MC ferromanganese would decrease slightly in the following days.
Based on the annual production capacity of 42,000t of MC ferromanganese, the producer plans to produce 2,000t in April, in line with the previous month. They hold no inventory at the moment.
