Chinese HC ferromanganese prices decrease slightly
2023-04-26 08:30:15 [Print]
BEIJING (Asian Metal) 26 Apr 23 – Most Chinese HC ferromanganese suppliers decrease their prices slightly dragged by the decreased raw materials prices. The current prevailing prices of Chinese HC ferromanganese Mn 65%min, C 7%max, P 0.25%max, S 0.03%max stand at RMB5,900-6,100/t (USD854-883/t) EXW D/P, down by RMB50/t (USD7/t) from late last week. Because of the slow buying activities from downstream clients, insiders believe that the mainstream prices of Chinese HC ferromanganese would move down next week.
A trader in South China stated that they purchased 120t HC ferromanganese Mn 65%min, C 7%max, P 0.25%max, S 0.03%max at RMB5,900/t (USD854/t) EXW D/P early this week, while the price they received early last week stood at RMB5,950/t (USD861/t). The trader received no inquiry today and they closed no deals for over two weeks. The trader predicts that the mainstream prices of Chinese HC ferromanganese would edge down in the following days as the end consumers have no intention to purchase.
The trader, with the typical monthly sales volume of 500t of HC ferromanganese, estimates to sell around 300t this month. They currently hold around 300t of stocks.
Another trader in South China mentioned that they offer RMB6,000/t (USD868/t) EXW D/P for HC ferromanganese Mn 65%min, C 7%max, P 0.25%max, S 0.03%max with no discounts, while they quoted RMB6,100/t (USD883/t) and they could consider the price as low as RMB6,050/t (USD875/t) late last week. The trader received no inquiry today and last sold 100t at RMB6,100/t (USD883/t) early last week. Due to the dim market, the trader predicts that the mainstream prices of Chinese HC ferromanganese would decrease further next week.
Based on the regular monthly trading volume of about 300t of HC ferromanganese, the trader estimates to sell nearly 200t this month, unchanged from last month. The trader currently has around 200t of inventory at present.
A trader in South China stated that they purchased 120t HC ferromanganese Mn 65%min, C 7%max, P 0.25%max, S 0.03%max at RMB5,900/t (USD854/t) EXW D/P early this week, while the price they received early last week stood at RMB5,950/t (USD861/t). The trader received no inquiry today and they closed no deals for over two weeks. The trader predicts that the mainstream prices of Chinese HC ferromanganese would edge down in the following days as the end consumers have no intention to purchase.
The trader, with the typical monthly sales volume of 500t of HC ferromanganese, estimates to sell around 300t this month. They currently hold around 300t of stocks.
Another trader in South China mentioned that they offer RMB6,000/t (USD868/t) EXW D/P for HC ferromanganese Mn 65%min, C 7%max, P 0.25%max, S 0.03%max with no discounts, while they quoted RMB6,100/t (USD883/t) and they could consider the price as low as RMB6,050/t (USD875/t) late last week. The trader received no inquiry today and last sold 100t at RMB6,100/t (USD883/t) early last week. Due to the dim market, the trader predicts that the mainstream prices of Chinese HC ferromanganese would decrease further next week.
Based on the regular monthly trading volume of about 300t of HC ferromanganese, the trader estimates to sell nearly 200t this month, unchanged from last month. The trader currently has around 200t of inventory at present.
