Chinese MC ferromanganese prices drop
2023-04-17 18:58:20 [Print]
BEIJING (Asian Metal) 18 Apr 23 - Most Chinese MC ferromanganese suppliers decrease their prices following the major steel mills' purchase prices. Therefore, the current mainstream prices of Chinese ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max stay at RMB8,700-8,900/t (USD1,265-1,294/t) EXW D/P, down by RMB200/t (USD28/t) from late last week. Given the thin profit, insiders foresee that the mainstream prices of Chinese MC ferromanganese would remain unchanged in the upcoming days.
A producer in South China quotes RMB8,700/t (USD1,265/t) EXW D/P for ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max and they could consider the price as low as RMB8,600/t (USD1,251/t), while they offered RMB8,900/t (USD1,294/t) with the concession as much as RMB100/t (USD14/t) late last week. The producer received an inquiry of 1,000t at RMB8,700/t (USD1,265/t) today and thinks will close the deal tomorrow. They last sold 300t at RMB8,700/t (USD1,265/t) late last week. Given the increased inquiries and the thin profit, the trader would like to keep the price firm and believes that the mainstream prices of Chinese MC ferromanganese would stay flat this week.
The trader, with an annual production capacity of 40,000t of MC ferromanganese, plans to produce around 1,500t this month, down by 500t from the previous month due to the thin profit. The producer holds around 1,000t of inventory at present.
A producer in North China mentioned that they currently sell ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max at RMB8,800/t (USD1,280/t) EXW D/P with concessions of no more than RMB100/t (USD14/t), while they quoted RMB9,000/t (USD1,309/t) with the discount as much as RMB100/t (USD14/t) late last week. The producer received an inquiry of 500t at RMB8,700/t (USD1,265/t) today and thinks would close the deal within this week. They last sold 1,000t at RMB8,700/t (USD1,265/t) last Friday. Considering the increased inquiries and the thin profit, the trader plans to firm their price and believes that the mainstream prices of Chinese MC ferromanganese would stay unchanged this week.
Based on the annual production capacity of 180,000t of MC ferromanganese, the producer intends to produce 13,000t this month, unchanged from last month. They have no inventory now.
A producer in South China quotes RMB8,700/t (USD1,265/t) EXW D/P for ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max and they could consider the price as low as RMB8,600/t (USD1,251/t), while they offered RMB8,900/t (USD1,294/t) with the concession as much as RMB100/t (USD14/t) late last week. The producer received an inquiry of 1,000t at RMB8,700/t (USD1,265/t) today and thinks will close the deal tomorrow. They last sold 300t at RMB8,700/t (USD1,265/t) late last week. Given the increased inquiries and the thin profit, the trader would like to keep the price firm and believes that the mainstream prices of Chinese MC ferromanganese would stay flat this week.
The trader, with an annual production capacity of 40,000t of MC ferromanganese, plans to produce around 1,500t this month, down by 500t from the previous month due to the thin profit. The producer holds around 1,000t of inventory at present.
A producer in North China mentioned that they currently sell ferromanganese Mn 75%min C 2%max P 0.2%max S 0.03%max at RMB8,800/t (USD1,280/t) EXW D/P with concessions of no more than RMB100/t (USD14/t), while they quoted RMB9,000/t (USD1,309/t) with the discount as much as RMB100/t (USD14/t) late last week. The producer received an inquiry of 500t at RMB8,700/t (USD1,265/t) today and thinks would close the deal within this week. They last sold 1,000t at RMB8,700/t (USD1,265/t) last Friday. Considering the increased inquiries and the thin profit, the trader plans to firm their price and believes that the mainstream prices of Chinese MC ferromanganese would stay unchanged this week.
Based on the annual production capacity of 180,000t of MC ferromanganese, the producer intends to produce 13,000t this month, unchanged from last month. They have no inventory now.
