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[Ferro-Alloys.com]Since manganese alloys prices further on track to bottome line in the starting of New Year, Chinese manganese alloy producers felt unprecedented pressure. As confidence of participants further waned, operation rates in southern area of China continue to shrink with less than 20%, while in north, the operation rates also face to drop on the ground of poor sale.

Silicon manganese 6517 is currently pricing at RMB5,800-6,000/mt and RMB5,300-5,400/mt for 6014. High carbon ferromanganese 65 is now concentrating on 5,100-5,200/mt. Medium carbon ferromanganese 75C2.0 with low p containing is focusing on RMB8,000-8,100/mt while RMB8,300-8,400/mt for 78C2.0 as well as RMB8,700-8,800/mt for 78C1.5. Low carbon ferromanganese 80C0.7 is traded at around RMB9,300/mt, some as low as RMB9,100-9,200/mt.

In short,since the start of 2015 silicon manganese price already touched the bottom, more and more enterprises are set to shut down temporarilly, including leading companies like Guangxi ferroalloy CO.,Ltd and OM Materials （Qinzhou）Co.,Ltd. As the situation become worse, manganese alloys and ferrosilicon already entered the period of efficient competition. Currently, the possibility of manganese alloy further to weak accounted for 45%, while flat possibility is occupied 55%. On the whole, leading alloys factories in north areas movement on controlling output will serve as the key factor to influce future market. 

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• [Editor:Sophie]