Monthly Manganese Alloys and Ore Market Report Aug 2018
2018-09-13 18:01:59 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
Silicomanganese prices showed a continuously upward trend in August. The spot supply of silicomanganese in major producing areas such as Ningxia, Inner Mongolia, Guangxi, and Guizhou was tight, so silicomanganese prices kept going up; at the same time, upstream manganese ore prices moved up, which drove silicomanganese market up. Early this month, silicomanganese prices stood at only RMB8,000-8,200/t (USD1,168-1,197/t) Inc-VAT EXW D/P, then increased by RMB700/t (USD102/t) to RMB8,700-8,900/t (USD1,270-1,299/t) Inc-VAT EXW D/P by late this month. Late this month, steel mills started making purchases, and alloy plants made quotations to even RMB9,400/t (USD1,372/t) Inc-VAT delivered D/A. Market participants predict that steel mills' purchase prices for September would be in the range of RMB9,300-9,400/t (USD1,358-1,372/t) Inc-VAT delivered D/A, however, as major steel mills released purchase prices at RMB9,200/t (USD1,343/t), silicomanganese prices also slowed down increasing.
Manganese ore prices in Chinese market kept going up this month. On the one hand, with the depreciation of RMB, importing cost of manganese ore greatly increased, and traders kept increasing quotations in case of loss; on the other hand, driven by the increasing downstream alloy prices, manganese ore market saw active transactions, and the price continuously moved up.
Silicomanganese prices showed a continuously upward trend in August. The spot supply of silicomanganese in major producing areas such as Ningxia, Inner Mongolia, Guangxi, and Guizhou was tight, so silicomanganese prices kept going up; at the same time, upstream manganese ore prices moved up, which drove silicomanganese market up. Early this month, silicomanganese prices stood at only RMB8,000-8,200/t (USD1,168-1,197/t) Inc-VAT EXW D/P, then increased by RMB700/t (USD102/t) to RMB8,700-8,900/t (USD1,270-1,299/t) Inc-VAT EXW D/P by late this month. Late this month, steel mills started making purchases, and alloy plants made quotations to even RMB9,400/t (USD1,372/t) Inc-VAT delivered D/A. Market participants predict that steel mills' purchase prices for September would be in the range of RMB9,300-9,400/t (USD1,358-1,372/t) Inc-VAT delivered D/A, however, as major steel mills released purchase prices at RMB9,200/t (USD1,343/t), silicomanganese prices also slowed down increasing.
Manganese ore prices in Chinese market kept going up this month. On the one hand, with the depreciation of RMB, importing cost of manganese ore greatly increased, and traders kept increasing quotations in case of loss; on the other hand, driven by the increasing downstream alloy prices, manganese ore market saw active transactions, and the price continuously moved up.
