[Ferro-Alloys.com] Silicon manganese 6517 is currently pricing at RMB5,900-6,100/mt and RMB5,300-5,400/mt for 6014. High carbon ferromanganese 65 is now concentrating on 5,300-5,400/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 RMB9,400-9,500/mt.

Enter December, dry water season in south areas pushed operation rates of manganese alloys down to only around 20%. In fact, higher power cost and sliding prices have led to the alloys manufacturers’ huge losses. While in north the situation showed different. Since most large scale manganese alloys supplers still struggled to normal running, the operation rate remained at 60-70%. Despite worse situation, it seems that many large scale companies have no signs of cutting output. In fact, in light of low cost advantage, some companies can still obtain a certain profit. By occupy competitor the market share, they can make up for the market price for part of the decline.

Overall, in face of series of “dive” sale price, domestic manganese alloys producers are actively looking for a way to deal with trouble, but some suppliers spoke frankly that future market would be still not optimistic amid the brutal competition.

• [Editor:Sophie]