Manganese alloys and ore Market Report December 2014

Silicomanganese 65/17 and high carbon ferrochrome capacity remained at a high level in early December, which meant supply was plentiful and prices in the market fell.Asian Metal Copyright The steel market showed no signs of improving in December, with the result that downstream product prices fell and the manganese ore market remained dull.Asian Metal Copyright After prices had moved down, producers were reluctant to decrease the retail market price any further, and with most producers cooperating with steel mills and mainly focusing on production in the mid-to-latter part of December, prices were stable at this time.Asian Metal Copyright Even though Australian manganese ore 43-44% is considered one of the mainstream manganese ores and attracts consistent demand from downstream users, prices still hardly rose.Asian Metal Copyright Meanwhile, medium-low carbon ferromanganese demand and supply were relatively balanced, so prices hovered around the same level as was seen in November. Moreover, many silicomanganese 60/14 producers left the market as prices remained at a low level, while costs were high, so the market saw few transactions in the case of this material and prices were flat throughout the month.

The steel market showed no signs of improving in December, with the result that downstream product prices fell and the manganese ore market remained dull. Even though Australian manganese ore 43-44% is considered one of the mainstream manganese ores and attracts consistent demand from downstream users, prices still hardly rose.Asian Metal Copyright After prices had moved down, producers were reluctant to decrease the retail market price any further, and with most producers cooperating with steel mills and mainly focusing on production in the mid-to-latter part of December, prices were stable at this time.Asian Metal Copyright However, many traders left the market due to meager profits and import volumes were also at a low ebb.Asian Metal Copyright Even though Australian manganese ore 43-44% is considered one of the mainstream manganese ores and attracts consistent demand from downstream users, prices still hardly rose.Asian Metal Copyright As a result, with supply on the spot market relatively stable, Australian manganese ore 43-44% prices remained flat this month.
.Asian Metal Copyright As a result, with supply on the spot market relatively stable, Australian manganese ore 43-44% prices remained flat this monthAsian Metal Copyright