A Weekly Review of Manganese Alloy Market （7.17-7.21）

The raw material side was temporarily stable, and there has been little change in the production and supply of ferrosilicon this week.

A Weekly Review of Manganese Alloy Market （7.10-7.14）

The overall ferrosilicon production cost changes were not significant, and the supply has remained stable with a slight decrease.

“I’m not too worried, but you also can’t kid yourself for too long. The supply story is still there, but there are more and more demand questions emerging,” one trader in the region said.

Bofa cuts nickel price forecast to $22,063/t in 2023 ($23,222/t preciously); 2024 forecast unchanged at $21,250/t.

After all, the traditional off-season was coming, and the operation was cautious.

North American steel scrap prices could face their third consecutive month of decline across all grades in July as traditional summer production slowdowns hinder demand.