Chinese MC ferromanganese prices remain unchanged
2023-04-04 08:25:56 [Print]
BEIJING (Asian Metal) 3 Apr 23 - Most Chinese MC ferromanganese suppliers plan to wait for the major steel mills to release their purchase prices and currently intend to firm their prices. Currently, the mainstream prices of Chinese ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max stand at RMB8,900-9,100/t (USD1,291-1,320/t) EXW D/P, in line with late last week. As the downstream clients' demands remain soft, insiders believe that the prevailing prices of Chinese MC ferromanganese would decrease slightly in the following days.
A trader in South China disclosed, "We offer RMB9,000/t (USD1,035/t) delivered D/P with the freight of RMB200/t (USD28/t) for ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max and we could not accept any lower prices, and we hold this quotation for over a week". The trader received no inquiry today and they last sold 10t at RMB9,000/t (USD1,035/t) at the end of March. Considering the decreased raw material prices and insufficient orders, the trader currently plans to firm the price due to the thin profit but believes that the mainstream prices of Chinese MC ferromanganese would edge down in the following days.
The trader, with the regular monthly sales volume of 100t of MC ferromanganese, sold about 60t in March and they plan to sell around 60t in April. They have nearly 10t of inventory at the moment.
Another trader in North China revealed that they want to sell ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max at RMB8,900/t (USD1,291/t) delivered D/P with the freight of RMB150/t (USD21/t) today, on par with late last week. The trader noted, "We closed the deal at RMB8,900/t (USD1,291/t) for 60t mid last week but we failed to receive new orders today". Based on the dim end market, the trader intends to decrease the price and predicts that the mainstream prices of Chinese MC ferromanganese would move down in the coming days.
Based on the typical monthly sales volume of around 500t of MC ferromanganese, the trader estimates to sell 300t this month, and they sold nearly 300t in the previous month. The trader holds around 400t of inventory at present.
A trader in South China disclosed, "We offer RMB9,000/t (USD1,035/t) delivered D/P with the freight of RMB200/t (USD28/t) for ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max and we could not accept any lower prices, and we hold this quotation for over a week". The trader received no inquiry today and they last sold 10t at RMB9,000/t (USD1,035/t) at the end of March. Considering the decreased raw material prices and insufficient orders, the trader currently plans to firm the price due to the thin profit but believes that the mainstream prices of Chinese MC ferromanganese would edge down in the following days.
The trader, with the regular monthly sales volume of 100t of MC ferromanganese, sold about 60t in March and they plan to sell around 60t in April. They have nearly 10t of inventory at the moment.
Another trader in North China revealed that they want to sell ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max at RMB8,900/t (USD1,291/t) delivered D/P with the freight of RMB150/t (USD21/t) today, on par with late last week. The trader noted, "We closed the deal at RMB8,900/t (USD1,291/t) for 60t mid last week but we failed to receive new orders today". Based on the dim end market, the trader intends to decrease the price and predicts that the mainstream prices of Chinese MC ferromanganese would move down in the coming days.
Based on the typical monthly sales volume of around 500t of MC ferromanganese, the trader estimates to sell 300t this month, and they sold nearly 300t in the previous month. The trader holds around 400t of inventory at present.
