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[Ferro-Alloys.com] Slack season in China leads manganese alloy to further keep low level. In recent period, ex-work price of silicon manganese 6517 placed at RMB5,150-5,300/mt while RMB4,600-4,700/mt for 6014. As for ferromanganese, price of high carbon ferromanganese 65 pegged at RMB4,500-4,700/mt, medium carbon ferromanganese 75C2.0 stood at RMB7,400-7,600/mt, while RMB8,800-9,000/mt for low carbon ferromanganese80C0.7.

As of silicon manganese, in fact, there are only a few of factories to maintain normal running and most plants still cut output. It seems that power readjustment in some places in southern areas of China from local government in a bid to boost local economy failed to bring about obvious improvement on manganese alloy operation rates. In terms of ferromanganese, It is said that some producers in north areas in China already contracted 65 quotation to RMB4,400-4,500/mt in order to stimulate transaction. Meanwhile, low operation rates for medium and low carbon ferromanganese also has yet to hinder price on track to downtrend.

In short, it is estimated that manganese alloy would be still hard to rebound in the near future given flat demand.

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• [Editor:Sophie]