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[Ferro-Alloys.com] As a new round of tender for mills will kick off, whether or not good sale season for steels can injecet new vitality on manganese alloys market that arouse more particpants’ concern. Apart from that, increasing market supply for alloys also brings about more producers’ worry on future market.

Asfor silicon manganese, silicon manganese 6517 is currently pricing at RMB6,300-6,400/mt while silicon manganese 6517 is currently pricing at RMB6,300-6,450/mt while RMB5,600-5,700/mt for 6014. According to related data, In July, ouput of silicon manganese in China arrived 872.6 thousand tons, reducing by 156.6 thousand tons compared with last month. In the first seven month of 2014, China total produced 6.19 million tons of silicon manganese, showing a further rise over the same period of last year 5.99 million tons.  

In terms of ferromanganese, high carbon ferromanganese 65 is now concentrating on 5,600-5,700/mt. Given increasing output in Yunnan, it is estimated that future market would be not optimistic. 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. Since most suppliers still focused on produce according to orders, it is predicted that the fluctuation of medium carbon ferromanganese would be very small. Low carbon ferromanganese 80C0.7 is traded at RMB9,900-10,100/mt.

In short, poor running of steel market, extending payment period of mills, together with high production cost, it seems that alloys producers pressure would be still great.

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• [Editor:Sophie]