Manganese Alloys and Ore Market Report December 2016
2017-01-05 17:37:53 【Print】
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As steel mills finished purchases, Chinese silicomanganese market was quiet once again in early December. Most steel mills purchased silicomanganese at RMB8,900-9,000/t (USD1,293-1,307/t) by acceptance VAT included delivered to plants during the month, up by RMB600-700/t (USD87
Prices for high grade manganese ore began to decline continuously from late November in China with prices for Australian origin manganese ore 46-47% down from RMB86-87/dmtu (USD12.49-12.64/dmtu) by RMB7/dmtu (USD1.02/dmtu) to RMB79-80/dmtu (USD11 . 48-11.62/dmtu) in North China ports . Demand for high grade manganese ore was soft in late December and traders had difficulties in raising their prices. In addition, prices for low and medium grade manganese ore were still firm in late December with prices for South African origin manganese ore 37% keeping at RMB66-67/dmtu (USD9 . 59-9.73/dmtu) in the domestic market.
. 16-102) from November . Many steel mills reduced or halted production due to stricter environmental inspections in late 2016, resulting in continuously weak demand for silicomanganewse in the spot market. After entering mid-to-late December, prices for silicomanganese started to decrease continuously to RMB8,000-8,200/t (USD1,162-1,191/t) by cash ex works VAT included and showed signs to decline further . But affected by high production costs, prices for the material were expected not to decrease substantially in the future.Prices for high grade manganese ore began to decline continuously from late November in China with prices for Australian origin manganese ore 46-47% down from RMB86-87/dmtu (USD12.49-12.64/dmtu) by RMB7/dmtu (USD1.02/dmtu) to RMB79-80/dmtu (USD11 . 48-11.62/dmtu) in North China ports . Demand for high grade manganese ore was soft in late December and traders had difficulties in raising their prices. In addition, prices for low and medium grade manganese ore were still firm in late December with prices for South African origin manganese ore 37% keeping at RMB66-67/dmtu (USD9 . 59-9.73/dmtu) in the domestic market.