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[Ferro-Alloys.com] As steel mills further cut on manganese alloy in October, it seems that downturn for alloys would be hard to change. In recent period, prices for manganese alloys kept poor performance with downturn sale. Silicon manganese 6517 is currently pricing at RMB6,200-6,300/mt and RMB5,400-5,500/mt for 6014. High carbon ferromanganese 65 is now concentrating on 5,450-5,550/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 RMB9,700-9,900/mt.

As for production, it seems that as high as 0.61Yuan/KWH power prices in Guangxi exert tremendous pressure on alloy suppliers. Despite power advantage in north, lowering sale prices also aggragate burden on alloy producers, especially for medium and small companies.

In general, ample supply would likely to lead to another downturn on manganese alloy in October.

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• [Editor:Sophie]