2016 Annual Report on Manganese Alloys and Ore Market
2017-03-02 18:40:19 【Print】
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Manganese alloy market fluctuated sharply in 2016 and kept dull in the first half of 2016, but rebounded in the second half of 2016
. Taking bidding prices as an example. HBIS’ bidding price for silicomanganese of June was only RMB4,950/t (USD720/t) delivered to the plant VAT included by acceptance, while prices rose to RMB8,980/t(USD1,305/t)delivered to the plant VAT included by acceptance in December, nearly double from June . Silicomanganese prices were supported by the substantial rise of manganese ore and coke prices and had moved up for nearly 5 months . Steel plants’ demand for manganese alloy was weak due to environmental protection and silicomanganese market started to be soft.