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[Ferro-Alloys.com]In recent period, price of manganese alloy face another downturn amid contracted bidding price of steelmakers in China. As downturn for steel mills purchase continued to narrow, it also showed a sign of pick-up once manganese alloy supply in short in the fall.

Price of silicon manganese 6517 tumbled at RMB5,100-5,300/mt while RMB4,500-4,600/mt for 6014. High carbon ferromanganese 65 contracted to RMB4,400-4,600/mt, while RMB5,400-5,600/mt for high carbon ferromanganese 75. Medium carbon ferromanganese 75C2.0 stood at RMB7,300-7,400/mt and while RMB8,500-8,600/mt for low carbon ferromanganese 80C0.7.

In terms of new round purchase of steel mills, Hebei Iron and Steel put silicon manganese July purchase dip to RMB5,450/mt from RMB5,500/mt in June, High carbon ferromanganese 65 was edged down to RMB4,500/mt from RMB4,600/mt. Medium carbon ferromanganese78C2.0 was decreased to RMB 7,250/mt from RMB7,350/mt while 78C1.5 was dropped to RMB7,450/mt from RMB7,550/mt. Low carbon ferromanganese80C0.7 was lowered to RMB8,300/mt from RMB8,350/mt. Wuhan Steel Group put silicon manganese 6517 drop to RMB5,700/mt from RMB5,760/mt. High Carbon ferromanganese 75 was lowered to RMB5,500/mt from RMB5,600/mt. Medium carbon ferromanganese 75C2.0 was declined to RMB7,450/mt from RMB7,650/mt.Nanjing Steel high carbon ferromanganese cut to RMB4,480/mt from RMB4,580/mt. Sanming Steel put silicon manganese lower to RMB5,570/mt from RMB5,580/mt.

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• [Editor:Sophie]