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[Ferro-Alloys.com] By the end of the month, it seems that manganese alloy spot gradually become calm as new round steel purchase approaching.

Silicon manganese 6517 still concentrated on RMB5,300-5,500/mt in north and RMB5,600-5,700/mt in south areas. As for low carbon silicon manganese 6027, it was quoted at RMB6,600-6,800/mt in north, Given worse situation of stainless steel, sale for low caron silicon manganese also miss participants’ anticipation amid increasing downturn risk later.

High carbon ferromanganese 65 focused on RMB4,800-5,000/mt, and RMB5,600-5,700/mt for 75#. It seems that excess supply for high carbon ferromanganese still hard to improve in short term though fewer producers in south of China struggled to operation. Medium carbon ferromanganese 78C1.5 lingered about RMB8,400-8,500/mt and RMB8,800-9,000/mt for low carbon ferromanganese 80C0.7.

Given industrial power price edged down slightly, future market for alloys in China would be hard to optimistic amid lowering ore price and softed demand.

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• [Editor:Sophie]