Manganese Alloys and Ore Market Summary May 2017

This month, silicomanganese prices edged up driving by increasing production cost. Mainstream prices for silicomanganese 65/17 stood at RMB6,600-6,800/t VAT included EXW D/P early this month with steel mills beginning to restock at RMB6,750-6,800/t VAT included D/A delivered to plants.Asian Metal CopyrightThis month, silicomanganese prices edged up driving by increasing production cost.Asian Metal Copyright Then in mid-May, the prices presented no changes as producers were executing previous orders.Asian Metal Copyright .Asian Metal Copyright Approaching the month-end, manganese ore prices increased continuously, so silicomanganese producers raise offers accordingly. The mainstream prices for silicomanganese rested at RMB6,800-7,000/t VAT included EXW D/P while the purchasing prices from steel mills were RMB7,150-7,250/t VAT included D/A delivered to plants by the end of the month, up by RMB400/t from early this month.

Manganese ore prices were on the increase this month but found difficulty in rising by the month-end due to weak demand. Although overseas offers rose constantly, with no support from demand, they may tend to be stable in the future.

.Asian Metal Copyright The mainstream prices for silicomanganese rested at RMB6,800-7,000t VAT included EXW DP while the purchasing prices from steel mills were RMB7,150-7,250t VAT included DA delivered to plants by the end of the month, up by RMB400t from early this monthAsian Metal Copyright