Monthly Manganese Alloys and Ore Market Report Nov 2018
2018-12-13 18:04:34 【Print】
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1. Market Highlights
Silicomanganese prices showed little fluctuation in November. After steel mills released purchase prices of RMB9,100/t (USD1,323/t) delivered D/A 6 months, most producers were delivering orders, and mainstream alloy plants were inactive in the spot market. The new production standard for rebar came into effect from November, and the water-penetrating process was cancelled, as a result, the demand for silicomanganese increased; meanwhile, the inventory on spot market was relatively low, therefore silicomanganese prices remained stable firmly in early-to-mid November. By late this month, as consumers' demand decreased, and buyers were reluctant to purchase, the price started to slightly drop. Mainstream prices of silicomanganese 65/17 stood at RMB8,450-8,650/t (USD1,228-1,259/t) EXW D/P, slightly down by RMB50/t (USD7.28/t) from early this month.
Manganese ore prices showed a flat and downward trend in November. On the one hand, there was large inventory at ports, and manganese ore prices lacked strong support, so traders reduced quotations a little; on the other hand, most consumers made purchases on rigid demand, so the demand release was limited, and the spot market saw rare transactions.
Silicomanganese prices showed little fluctuation in November. After steel mills released purchase prices of RMB9,100/t (USD1,323/t) delivered D/A 6 months, most producers were delivering orders, and mainstream alloy plants were inactive in the spot market. The new production standard for rebar came into effect from November, and the water-penetrating process was cancelled, as a result, the demand for silicomanganese increased; meanwhile, the inventory on spot market was relatively low, therefore silicomanganese prices remained stable firmly in early-to-mid November. By late this month, as consumers' demand decreased, and buyers were reluctant to purchase, the price started to slightly drop. Mainstream prices of silicomanganese 65/17 stood at RMB8,450-8,650/t (USD1,228-1,259/t) EXW D/P, slightly down by RMB50/t (USD7.28/t) from early this month.
Manganese ore prices showed a flat and downward trend in November. On the one hand, there was large inventory at ports, and manganese ore prices lacked strong support, so traders reduced quotations a little; on the other hand, most consumers made purchases on rigid demand, so the demand release was limited, and the spot market saw rare transactions.
