[Ferro-Alloys.com] As further downtrend of steelmakers bidding for May, it seems that silicon manganese spot market in China would be still hard to get out of dropping for the whole month.

[Ferro-Alloys.com]Since May, 1st, 2015, Chinese government will change resource tax of rare earth, W and Mo from ad specific to valorem tax.

cored wire

]This week LME nickel price rebounded a little, which closed at USD13455/mt on Apr.29th, rising by USDE740/mt than last week while nickel stock

In this week, the market price of EMM in Hunan, Chongqing and Guangxi areas was about CNY10,800-11,000 per mt, in Guizhou, about CNY10,500-10,700 per mt, and in Ningxia, it’s about CNY 11,100 per mt, which declined more than one hundred yuan per mt.

[Ferro-Alloys.com] By the end of April, the result of Hebei and Steel Group bidding on manganese for May further impacted on alloy future market.

[Ferro-Alloys.com] By the end of the month, Australian Mn46 lumps dropped to RMB25-26/mtu at ports in China. As for Mn48 sand ore, the price declined to RMB23.5-24.5/mtu in China.

[Ferro-Alloys.com]China’s domestic high-carbon ferrochrome output was still in an uptrend, adding that the monthly import volume of high-carbon ferrochrome exceeded 0.2 million tonnes in the previous four months, which made a sufficient supply in domestic mar...