Monthly Manganese Ore and Alloy Market Report Jul 2019
2019-08-13 17:48:25 【Print】
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1. Market Highlights
In July, silicomanganese transactions were stable in China with prices at RMB7,400-7,600/t (USD1,047-1,076/t) EXW D/P. By the end of the month, as electricity charges in Guizhou and Guangxi deceased, the profit of silicomanganese rose, so producers who halted production previously began to resume production, leading to more supply. As a result, the prices edged down by RMB50/t (USD7.08/t).
Manganese ore prices slipped continuously in July. On the one hand, the inventory at ports was still large. Consumers were reluctant to add stocks while traders reduced offers for deals. On the other hand, producers mainly purchased on rigid demand with low willingness to restock due to weak downstream demand.
In July, silicomanganese transactions were stable in China with prices at RMB7,400-7,600/t (USD1,047-1,076/t) EXW D/P. By the end of the month, as electricity charges in Guizhou and Guangxi deceased, the profit of silicomanganese rose, so producers who halted production previously began to resume production, leading to more supply. As a result, the prices edged down by RMB50/t (USD7.08/t).
Manganese ore prices slipped continuously in July. On the one hand, the inventory at ports was still large. Consumers were reluctant to add stocks while traders reduced offers for deals. On the other hand, producers mainly purchased on rigid demand with low willingness to restock due to weak downstream demand.
