[Ferro-Alloys.com]Chinese FeMo price stabilized, but the tenders of mills were limited. FeMo deals were concentrated on scattered buying activities, transacting at RMB--/mt, export duty excluded) by acceptance. Traders held cautious attitude towards the market...

Recently, spoken with many manufacturers, many silicon metal plants plan to restart furnaces in wet season. Meanwhile, the suppliers are not optimistic to future market. The increasing spot Si volumes in wet season may pull down the prices.

All in all, whether or not the new bidding price for steelmakers on ferromanganese purchasing can hold steady is still depend on relationship between market demand and supply.

EMM market in China was stable and procurement was all right recently.

[Ferro-Alloys.com] It is reported that nickel price on the LME has climbed to a 14 month high point, which is mainly due to the tighter supplies. LME nickel prices settled at US$18,460 on April 24th.

European ferro-molybdenum prices lost some ground for the first time in several weeks on Wednesday April 23, following the Easter holidays.

Furthermore, exchange rates fluctuation frequently also aggravates market potential risk. In fact, it is well known that Renminbi depreciation will increase production cost in importing manganese ore.

Furthermore, exchange rates fluctuation frequently also aggravates market potential risk. In fact, it is well known that Renminbi depreciation will increase production cost in importing manganese ore.