Manganese Ore and Alloy Market Report May 2020
2020-06-12 15:59:31 【Print】
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1.Market Highlights
In early May, the prices of manganese ore kept raising as most Chinese traders held back from selling. After mid-May, Gabonese, Brazilian and South African manganese ore suppliers cut their offers to China, and thus Chinese traders cut their offers accordingly . Therefore, manganese ore prices decreased this month.
Before mid-May, silicomanganese producers faced large production costs pressure as manganese ore prices kept firm and they therefore kept offers to test market. After mid-May, the producers cut their prices due to the weak demand . The prices gone down in late May.
Ferromanganese prices kept firm in early May stimulated higher silicomanganese and manganese ore prices, and then remained stable in mid-May as suppliers mainly closed the deals for steel mills' long-term contracts. In late May, manganese ore prices decreased further, so ferromanganese plants cut their offers as the market saw limited transactions due to the wait-and-see attitude of downstream consumers.
In early May, the prices of manganese ore kept raising as most Chinese traders held back from selling. After mid-May, Gabonese, Brazilian and South African manganese ore suppliers cut their offers to China, and thus Chinese traders cut their offers accordingly . Therefore, manganese ore prices decreased this month.
Before mid-May, silicomanganese producers faced large production costs pressure as manganese ore prices kept firm and they therefore kept offers to test market. After mid-May, the producers cut their prices due to the weak demand . The prices gone down in late May.
Ferromanganese prices kept firm in early May stimulated higher silicomanganese and manganese ore prices, and then remained stable in mid-May as suppliers mainly closed the deals for steel mills' long-term contracts. In late May, manganese ore prices decreased further, so ferromanganese plants cut their offers as the market saw limited transactions due to the wait-and-see attitude of downstream consumers.