HC Ferromanganese Market is Still not Optimistic

  • Thursday, April 30, 2009
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  • Keywords:Ferromanganese
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At present, HC ferromanganese 65# mainstream quoted price stands at RMB6,600-6,900/mt (USD970.60-1,017.7/mt) with weak market transaction. Meanwhile, stockpiles arose the participants’ worrying. Some even fear that its price would be further down. Except from slim domestic market demand, dull sale of export also increase huge pressure on HC ferromanganese market. Big gap of HC 75# quotation between China and overseas market results in poor transaction. On the whole, lower sale price and little transaction, as well as still high stockpile, all of these arouse producers worry. Most insiders hold cautious views on future market.

MSN: jiangyitao-yy@hotmail.com

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