[Ferro-Alloys.com] In recent period, prices for manganese alloys kept poor performance with downturn sale. Silicon manganese 6517 is currently pricing at RMB6,200-6,400/mt and RMB5,400-5,500/mt for 6014. High carbon ferromanganese 65 is now concentrating on 5,550-5,650/mt. Medium carbon ferromanganese 75C2.0 with low p containing is focusing on RMB8,100-8,200/mt while RMB8,400-8,500/mt for 78C2.0 as well as RMB8,800-9,000/mt for 78C1.5. Low carbon ferromanganese 80C0.7 is traded at RMB9,700-9,900/mt.

In south area of China, expensive power price in Guizhou and Guangxi contributed to low operation dispite high water season. In fact, apart from several large scale companies to struggle to remain normal operation, most factories in these areas are forced into cutting output or suspending running. While in north, by cheap power advantage, some manganese alloy producer can still maintain thin profits. However, as increasing number of large furnaces with 30,000 KVA are running, it will indeed bring about impact on silicon manganese future market.

 As srong desire to further cut October purchase from HBIS, it seems that future market for manganese alloy would still be not optimistic.

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• [Editor:Sophie]