Chinese HC ferromanganese prices remain stable

BEIJING (Asian Metal) 3 Apr 23 – Most Chinese HC ferromanganese producers plan to firm their prices before the major steel mills release their purchase prices.Asian Metal Copyright As most end consumers purchase inactively, insiders predict that the mainstream prices of Chinese HC ferromanganese would decrease slightly in the upcoming days.Asian Metal Copyright Thus, the present prevailing prices of Chinese HC ferromanganese Mn 65%min, C 7%max, P 0.Asian Metal CopyrightBEIJING Asian Metal 3 Apr23 – Most ChineseHCferromanganese producers plan to firm their prices before the major steel mills release their purchase prices.Asian Metal Copyright25%max, S 0.03%max hover at RMB6,200-6,400/t (USD899-928/t) EXW D/P, in line with late last week.Asian Metal Copyright25%max, S 0.Asian Metal Copyright As most end consumers purchase inactively, insiders predict that the mainstream prices of Chinese HC ferromanganese would decrease slightly in the upcoming days.

A producer in North China mentioned, "Our current quotation for HC ferromanganese Mn 65%min, C 7%max, P 0.25%max, S 0.03%max stands at RMB6,200/t (USD899/t) EXW D/P and we could consider the price as low as RMB6,150/t (USD892/t) for firm bids, unchanged from late last week". The producer received no inquiry today and last sold 30t at RMB6,200/t (USD899/t) in mid March.Asian Metal Copyright As most end consumers purchase inactively, insiders predict that the mainstream prices of Chinese HC ferromanganese would decrease slightly in the upcoming days.Asian Metal Copyright The producer plans to decline their price in the following days and believes that the prevailing prices of Chinese HC ferromanganese would move down this week as the market runs slow recently.

The producer, based on the annual production capacity of 40,000t of HC ferromanganese, produced around 800t in March and plans to hold this production level in April. They have nearly 100t of stocks at the moment.

A trader in South China stated, "We offer RMB6,750/t (USD979/t) delivered D/P with the freight of RMB400/t (USD56/t) for HC ferromanganese Mn 65%min, C 7%max, P 0.25%max, S 0.Asian Metal Copyright As most end consumers purchase inactively, insiders predict that the mainstream prices of Chinese HC ferromanganese would decrease slightly in the upcoming days.Asian Metal Copyright03%max and we could not accept any prices lower than that, in line with late last week". The trader failed to receive an inquiry today and they sold 10t at RMB6,750/t (USD979/t) early last week.Asian Metal Copyright The trader failed to receive an inquiry today and they sold 10t at RMB6,750t USD979t early last week.Asian Metal Copyright Given the dim end market, the trader plans to firm their current price at present but estimates that the mainstream prices of Chinese HC ferromanganese would drop down in the following days.

With a regular monthly sales volume of about 50t of HC ferromanganese, the trader sold around 30t in March and they plan to keep this level in April. The trader has nearly 20t of stocks now.
.Asian Metal Copyright The producer received no inquiry today and last sold 30t at RMB6,200t USD899t in mid MarchAsian Metal Copyright