Chinese HC ferromanganese suppliers hold pessimistic attitudes
2023-04-23 22:27:50 [Print]
BEIJING (Asian Metal) 24 Apr 23 - As the downstream clients' demand still stays soft and the production costs decrease continuously, most Chinese HC ferromanganese suppliers hold pessimistic attitudes to the market. The current prevailing prices of Chinese ferromanganese Mn 65%min C 7%max P 0.25%max S 0.03%max stand at RMB5,950-6,150/t (USD863-892/t) EXW D/P, unchanged from late last week. Given the soft demand, insiders predict that the mainstream prices of Chinese HC ferromanganese would move down in the following days.
A producer in North China holds a pessimistic attitude as demand remains weak this month and their regular clients decrease their purchase volume as well. The producer sells ferromanganese Mn 65%min C 7%max P 0.25%max S 0.03%max at RMB6,100/t (USD884/t) EXW D/P, and they could consider the price as low as RMB6,000/t (USD870/t), unchanged from late last week. The producer received no inquiry today and last sold 100t at RMB6,000/t (USD870/t) mid last week. Given the decreased prices of manganese ore and coke, the producer forecasts that the mainstream prices of Chinese HC ferromanganese would move down in the coming days.
The producer, based on an annual production capacity of 40,000t of HC ferromanganese, estimates to produce 800t this month, unchanged from the previous month. They hold no stock now.
Another producer in North China disclosed, "We predict that the market would still run slow next month as the end downstream demand remains weak". The producer currently offers RMB6,000/t (USD870/t) EXW D/P for ferromanganese Mn 65%min C 7%max P 0.25%max S 0.03%max with concessions of no more than RMB50/t (USD7/t), in line with late last week. They received no inquiry today and last sold 200t at RMB6,000/t (USD870/t) two weeks ago. Based on the weak demand and the decreased prices of raw materials, the producer believes that the mainstream prices of Chinese HC ferromanganese would decrease next week.
With the annual production capacity of 60,000t of HC ferromanganese, the producer expects to produce 4,000t in April, unchanged from that in March. They have around 1,000t of inventory now.
A producer in North China holds a pessimistic attitude as demand remains weak this month and their regular clients decrease their purchase volume as well. The producer sells ferromanganese Mn 65%min C 7%max P 0.25%max S 0.03%max at RMB6,100/t (USD884/t) EXW D/P, and they could consider the price as low as RMB6,000/t (USD870/t), unchanged from late last week. The producer received no inquiry today and last sold 100t at RMB6,000/t (USD870/t) mid last week. Given the decreased prices of manganese ore and coke, the producer forecasts that the mainstream prices of Chinese HC ferromanganese would move down in the coming days.
The producer, based on an annual production capacity of 40,000t of HC ferromanganese, estimates to produce 800t this month, unchanged from the previous month. They hold no stock now.
Another producer in North China disclosed, "We predict that the market would still run slow next month as the end downstream demand remains weak". The producer currently offers RMB6,000/t (USD870/t) EXW D/P for ferromanganese Mn 65%min C 7%max P 0.25%max S 0.03%max with concessions of no more than RMB50/t (USD7/t), in line with late last week. They received no inquiry today and last sold 200t at RMB6,000/t (USD870/t) two weeks ago. Based on the weak demand and the decreased prices of raw materials, the producer believes that the mainstream prices of Chinese HC ferromanganese would decrease next week.
With the annual production capacity of 60,000t of HC ferromanganese, the producer expects to produce 4,000t in April, unchanged from that in March. They have around 1,000t of inventory now.
