Chinese LC ferromanganese prices firm
2023-04-23 22:27:58 [Print]
BEIJING (Asian Metal) 24 Apr 23 - Due to the stable demand from end consumers and no inventory pressure from suppliers, the present prevailing prices of Chinese ferromanganese Mn 80%min C 0.7%max P 0.3%max S 0.02%max remain at RMB10,100-10,400/t (USD1,582-1,626/t) EXW D/P, unchanged from early this week. Based on the decreased prices of raw materials, insiders hold views that the mainstream prices of Chinese LC ferromanganese would decline slightly next week.
A trader in North China holds their quotation for ferromanganese Mn 80%min C 0.7%max P 0.3%max S 0.02%max unchanged from late last week at RMB10,100/t (USD1,465/t) EXW D/P, and they refuse to consider any concessions. The trader recently feels hard to get orders from other traders and they last sold 200t at RMB10,100/t (USD1465/t) two weeks ago to a steel mill. Due to the decreased raw materials prices, the trader foresees that the prevailing prices of Chinese LC ferromanganese would decrease slightly next week.
Based on the regular monthly trading volume of 200t of LC ferromanganese, the trader estimates to sell 200t this month, unchanged from the previous month. They hold no inventory at the moment.
A trader in South China revealed that their quotation for ferromanganese Mn 80%min C 0.4%max P 0.3%max S 0.02%max remains unchanged from the end of last week at RMB10,300/t (USD1,494/t) delivered D/A with the counteroffer as much as RMB100/t (USD14/t). The trader last sold 200t at RMB10,300/t (USD1,494/t) delivered D/A with the freight of RMB200/t (USD28/t) two weeks ago, and they received no new orders after that. Given the decreased production costs, the trader predicts that the prevailing prices of Chinese LC ferromanganese would drop slightly in the following week.
The trader, with the typical monthly trading volume of nearly 300t of LC ferromanganese, thinks to sell about 200t this month, increased by around 50t from the previous month. They presently have about 50t of stocks.
A trader in North China holds their quotation for ferromanganese Mn 80%min C 0.7%max P 0.3%max S 0.02%max unchanged from late last week at RMB10,100/t (USD1,465/t) EXW D/P, and they refuse to consider any concessions. The trader recently feels hard to get orders from other traders and they last sold 200t at RMB10,100/t (USD1465/t) two weeks ago to a steel mill. Due to the decreased raw materials prices, the trader foresees that the prevailing prices of Chinese LC ferromanganese would decrease slightly next week.
Based on the regular monthly trading volume of 200t of LC ferromanganese, the trader estimates to sell 200t this month, unchanged from the previous month. They hold no inventory at the moment.
A trader in South China revealed that their quotation for ferromanganese Mn 80%min C 0.4%max P 0.3%max S 0.02%max remains unchanged from the end of last week at RMB10,300/t (USD1,494/t) delivered D/A with the counteroffer as much as RMB100/t (USD14/t). The trader last sold 200t at RMB10,300/t (USD1,494/t) delivered D/A with the freight of RMB200/t (USD28/t) two weeks ago, and they received no new orders after that. Given the decreased production costs, the trader predicts that the prevailing prices of Chinese LC ferromanganese would drop slightly in the following week.
The trader, with the typical monthly trading volume of nearly 300t of LC ferromanganese, thinks to sell about 200t this month, increased by around 50t from the previous month. They presently have about 50t of stocks.
