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[Ferro-Alloys.com]In recent period, mainstream price of silicon manganese 6517 quoted at RMB5,500-5,700/mt in north and RMB5,700-5,900/mt in south. High carbon ferromanganese 65 priced at RMB4,900-5,100/mt while RMB8,600-8,700/mt for medium carbon ferromanganese 78C1.5. As for low carbon, ferromanganese 80C0.7 lingered about RMB8,900-9,100/mt. Stall demend growth and downtrend of production cost of alloys are in fact as two main factors responsible for worse performance or manganese alloys despite low operation rates.

There is no doubt that steel output growth in China already put into stagnation, under such affect, demand for ferroalloys also showed sluggish. Chinese insiders pointed out that prices of manganese alloy would not stop dropping if large scale factories in Inner Mongila and Ningxia areas in North failed to cut production.

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• [Editor:Sophie]