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[Ferro-Alloys.com] The movement tendency of silicon manganese in China already set clear in the wake of August tender of steelmakers. Given August is the traditional slack season for steel, it seems that manganese alloys market tend to maintain underperformed.

As for silicon manganese market, silicon manganese 6517 is currently pricing at RMB6,300-6,450/mt while RMB5,600-5,700/mt for 6014. In terms of ferromanganese, High carbon ferromanganese 65 is now concentrating on 5,600-5,700/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 RMB9,900-10,100/mt.

In recent period, futures trading on silicon manganese in Zhengzhou Commodity Exchange aroused more participants’ concern. Despite the absence of silicon manganese largest user of HBIS, the dominance status of steel mills might be weakened as ferroalloys futures was launched, though the process will be longer. In short term, it seems that futures trading still failed to bring about positive affect on manganese alloy market, and price still maintained at low level.

• [Editor:Sophie]