Demand for manganese and silicon alloys has been sluggish in the Japan's market in late August. Indian SiMn (65% Mn; 16% Si) has gone down in price to $1,050-1,080/t CIF Japan (down $25/t), deals made at the bottom end of the price range most of all. HC FeMn (73% Mn) of Indian origin is now quoted at $1,000/t CIF Japan and the material produced in South Korea - at $1,030/t CIF Japan. Small batches (100-200 t) of the alloy from India have been sold at this price.
FeSi (75% Si) from China is offered at $1,340-1,350/t CIF Japan and illegal material - at $1,260-1,290/t CIF Japan. The latter is of no demand in Japan. An end user is holding a tender for supply of 1,000 t.
Some players think believe Japanese traders will startreplenishing stocks ahead of the quarterly contracting.Nonetheless, prices will not fluctuate due to healthy supply.
- [Editor:Sophie]
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