Manganese Alloy and Ore Market Report February 2012

With several tenders delayed due to the Chinese New Year holidays, the Chinese manganese alloys market was largely stable this month and tendering prices were trending sideways. No substantial change in spot prices was noted, but due to rising import prices for manganese ore caused by tight availability on the spot market, a number of operations in South China were shut, while similar situation was not noted in the North.Asian Metal Copyright With expectations of further upticks in prices for manganese ore in March and in an attempt to reduce costs, downstream users have speeded up their procurement and replenished before the festive holiday.Asian Metal Copyright With expectations of further upticks in prices for manganese ore in March and in an attempt to reduce costs, downstream users have speeded up their procurement and replenished before the festive holiday.

On international markets, demand in the Indian alloys market remains sluggish with prices trended downward, while the American manganese alloys market was stable but quiet.