[Ferro-Alloys.com]In recent period, there was no positive factor on domestic ferromanganese market and prices were basically in line with last week. Despite only about 10-20% operation rates in south areas, continued weakening demand make ferromanganese fail to keep in good shape. 

Prices of high carbon ferromanganese 65 are currently focusing on RMB5,250-5,350/mt, while RMB8,100-8,200/mt for medium carbon ferromanganese 75C2.0. As for low carbon ferromanganese, prices of 80C0.7 are concentrating on RMB9,300-9,500/mt,some as low as RMB9,200/mt.

In fact, ongoing falling sale already led some producers to have to further cut output or just produce according to orders. In addition to that, rising capital pressure by the end the year also serves as the big challenge for most participants. Lowering demand coupled with slowing payment of parts of steelmakers, and shortage of capital flow definitely aggravated repayment pressure for both alloys producers and traders. Given that into consideration, some participants would likely to choose to sell out products to allievate capital pressure which may drag the whole market down.

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• [Editor:Sophie]