Manganese Ore and Alloy Market Report Jul 2020
2020-08-11 08:49:01 【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 July, Chinese traders kept cutting manganese ore prices due to the weak downstream demand. Before mid-July, 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-July. Therefore, the prices of manganese ore decreased this month.
In early July, silicomanganese producers faced large pressure as manganese ore prices kept falling and they therefore cut offers to test market. Before mid-July, 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-July. By the end of the month,the prices went down.
The prices for ferromanganese went down in early July due to the weak downstream demand. After mid-July, the prices remained stable as suppliers mainly made shipments for steel mills' long-term contracts, the suppliers held their prices firm due to the thin profit. In July, the prices of ferromanganese went down.
In early July, the overseas market of silicomanganese saw few transactions due to COVID-19 pandemic, so the prices went down. In mid-July, the suppliers held their prices firm. At the end of July, the prices of silicomanganese went down. The prices of ferromanganese 78%min remained stable in early July as the suppliers held their prices firm. After mid-July, the prices began to decline due to the sporadic transactions. In July, the prices for ferromanganese 78%min from overseas went down in July.
In early July, Chinese traders kept cutting manganese ore prices due to the weak downstream demand. Before mid-July, 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-July. Therefore, the prices of manganese ore decreased this month.
In early July, silicomanganese producers faced large pressure as manganese ore prices kept falling and they therefore cut offers to test market. Before mid-July, 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-July. By the end of the month,the prices went down.
The prices for ferromanganese went down in early July due to the weak downstream demand. After mid-July, the prices remained stable as suppliers mainly made shipments for steel mills' long-term contracts, the suppliers held their prices firm due to the thin profit. In July, the prices of ferromanganese went down.
In early July, the overseas market of silicomanganese saw few transactions due to COVID-19 pandemic, so the prices went down. In mid-July, the suppliers held their prices firm. At the end of July, the prices of silicomanganese went down. The prices of ferromanganese 78%min remained stable in early July as the suppliers held their prices firm. After mid-July, the prices began to decline due to the sporadic transactions. In July, the prices for ferromanganese 78%min from overseas went down in July.
