Manganese Alloys and Ore Market Report November 2016
2016-12-30 08:37:51 【Print】
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During early November, steel mills generally finished their concentrated purchases with purchase prices largely at RMB8,200-8,300/t VAT included delivered to the plant by acceptance. Alloy plants started to reduce production as they failed to purchase manganese ore at prices they can afford, resulting in tighter supply and higher prices. Moving into mid-to-late November, silicomanganese prices began rising with spot prices moving up from RMB8,000-8,200/t to RMB8,500-8,700/t VAT included delivered to the plant by acceptance for a time. Steel mills will stock up in December and prices for raw materials of manganese ore and coke showed no signs of fallback, so silicomanganese prices are anticipated to go up further in December.
Manganese ore prices were much more stable in November than in October. Prices had reached higher levels by the end of October, but end consumers were slow to purchase at high prices, so traders hesitated to raise prices further; as a result, suppliers of high grade manganese ore, plagued by poor sales, lowered prices slightly to promote sales approaching the end of the month. However, that was just a temporary behavior. Therefore, prices may continue to rise supported by CIF prices.
Manganese ore prices were much more stable in November than in October. Prices had reached higher levels by the end of October, but end consumers were slow to purchase at high prices, so traders hesitated to raise prices further; as a result, suppliers of high grade manganese ore, plagued by poor sales, lowered prices slightly to promote sales approaching the end of the month. However, that was just a temporary behavior. Therefore, prices may continue to rise supported by CIF prices.
