Manganese Alloys and Ore Market Report January 2016

Mainstream prices for manganese alloys rose by around RMB200/t at the beginning of the month as tender prices for silicomanganese and ferromanganese from steel mills moved up.Asian Metal CopyrightMainstream prices for manganese alloys rose by around RMB200t at the beginning of the month as tender prices for silicomanganese and ferromanganese from steel mills moved up.Asian Metal Copyright Steel mills increased their purchase volumes at the end of the year with the aim of stocking materials, but silicomanganese and ferromanganese producers didn’t resume or increase production despite the price rise, resulting in tight supply in domestic market.Asian Metal Copyright As there was an improvement in demand, most traders raised their prices.Asian Metal Copyright Most manganese alloy producers arranged production based on orders, while traders were reluctant to make transactions and raised their prices again.

Spot stocks of manganese ore in ports were tight as alloy producers increased their purchase volumes for year-end replenishment during this month. As there was an improvement in demand, most traders raised their prices.
.Asian Metal Copyright Most manganese alloy producers arranged production based on orders, while traders were reluctant to make transactions and raised their prices againAsian Metal Copyright