[Ferro-Alloys.com] In recent period, prices for manganese alloys kept unchanged amid slowing growth for steelmills. Silicon manganese 6517 is currently pricing at RMB6,300-6,400/mt and RMB5,600-5,700/mt for 6014. High carbon ferromanganese 65 is now concentrating on 5,550-5,650/mt. Medium carbon ferromanganese 75C2.0 with low p containing is focusing on RMB8,100-8,200/mt while RMB8,400-8,500/mt for 78C2.0 as well as RMB8,800-9,000/mt for 78C1.5. Low carbon ferromanganese 80C0.7 is traded at RMB9,800-9,900/mt.

Given continued downturn for silicon manganese, it seems that domestic traders prefer to sell out products rather than purchase at current price. In fact, thin profit made operation rates for manganese alloy in south area remain at low record, and there are not too many producers struggled to maintain running during high water season. However, as weather gets cold in north area, manganese alloy furnaces would be hard to stop producing which may exert impact on spot market in the future. As for ferromanganese market, it seems that prices remained hold steady after a slightly downtrend in early September.

Despite different regions bringing about varies situation for companies, ongong sale prices for manganese alloys as a whole since this year still lead tremendous pressure to alloys suppliers. In fact, alloys factories are also undergoing a phase for readjustement in the course of output reducing→production resuming→boosting output→production declining→outout expanding→production decreasing.

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• [Editor:Sophie]