Manganese Ore and Alloy Market Report Jun 2020
2020-07-09 09:20:39 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1.Market Highlights
In early June, Chinese traders kept cutting manganese ore prices due to the weak downstream demand. Before mid-June, Chinese traders kept their prices firm due to the thin profit, but the market saw very few deals, the suppliers had to lower their prices to win more orders after mid-June. Therefore, the prices of manganese ore decreased this month.
In early June, silicomanganese producers faced large pressure as manganese ore prices kept falling and they therefore cut offers to test market. Before mid-June, the producers kept their prices firm due to the thin profit, but the market saw very few deals, the suppliers had to lower their prices to relieve the inventory pressure after mid-June. By the end of the month,the prices went down.
Ferromanganese prices went down in early June due to the weak downstream demand. But in mid-June, the prices of ferromanganese rose up stimulated higher silicomanganese and manganese ore prices, and then ferromanganese plants cut their offers as the market saw limited transactions. After mid-June, the prices remained stable as suppliers mainly made shipments for steel mills' long-term contracts. In June, the prices of ferromanganese went down.
In early June, the overseas market of silicomanganese saw few transactions due to COVID-19 pandemic, so the prices went down. In mid-June, the suppliers held their prices firm. At the end of June, the prices of silicomanganese went down. Due to sporadic transactions, the prices began to decline before mid-June, then the suppliers kept prices firm after mid-June. Prices for ferromanganese 78%min from overseas went down in June.
In early June, Chinese traders kept cutting manganese ore prices due to the weak downstream demand. Before mid-June, Chinese traders kept their prices firm due to the thin profit, but the market saw very few deals, the suppliers had to lower their prices to win more orders after mid-June. Therefore, the prices of manganese ore decreased this month.
In early June, silicomanganese producers faced large pressure as manganese ore prices kept falling and they therefore cut offers to test market. Before mid-June, the producers kept their prices firm due to the thin profit, but the market saw very few deals, the suppliers had to lower their prices to relieve the inventory pressure after mid-June. By the end of the month,the prices went down.
Ferromanganese prices went down in early June due to the weak downstream demand. But in mid-June, the prices of ferromanganese rose up stimulated higher silicomanganese and manganese ore prices, and then ferromanganese plants cut their offers as the market saw limited transactions. After mid-June, the prices remained stable as suppliers mainly made shipments for steel mills' long-term contracts. In June, the prices of ferromanganese went down.
In early June, the overseas market of silicomanganese saw few transactions due to COVID-19 pandemic, so the prices went down. In mid-June, the suppliers held their prices firm. At the end of June, the prices of silicomanganese went down. Due to sporadic transactions, the prices began to decline before mid-June, then the suppliers kept prices firm after mid-June. Prices for ferromanganese 78%min from overseas went down in June.
