Monthly Manganese Alloys and Ore Market Report Jun 2019
2019-07-15 18:03:00 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1 Market Highlights
In June, due to tight silicomanganese supply on Chinese spot market, producers kept raising offers while consumers had to lift purchase prices for low stocks, leading to higher transaction prices of the material. By late June, transaction prices for silicomanganese rose to RMB7,350-7,550/t (USD1,069-1,098/t) EXW D/P, up by RMB200/t (USD29.10/t) from early June.
In early June, Chinese manganese ore inventory was high and consumers showed little intention to restock, so the transaction prices decreased continuously. But from late June, demand for manganese ore improved supported by increasing silicomanganese prices and downstream purchases, so the transaction prices began to rebound.
In June, due to tight silicomanganese supply on Chinese spot market, producers kept raising offers while consumers had to lift purchase prices for low stocks, leading to higher transaction prices of the material. By late June, transaction prices for silicomanganese rose to RMB7,350-7,550/t (USD1,069-1,098/t) EXW D/P, up by RMB200/t (USD29.10/t) from early June.
In early June, Chinese manganese ore inventory was high and consumers showed little intention to restock, so the transaction prices decreased continuously. But from late June, demand for manganese ore improved supported by increasing silicomanganese prices and downstream purchases, so the transaction prices began to rebound.
