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[Ferro-Alloys.com]Given HBIS already knocked down Feb bidding on manganese alloy, the tendency of future market for alloys seems to become clear. Currently, Silicon manganese 6517 is currently pricing at RMB5,650-5,800/mt in north and RMN5,900-6,000/mt forsouth, and RMB5,300-5,400/mt for 6014. High carbon ferromanganese 65 is now concentrating on 5,000-5,200/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 fact, excess supply and falling manganese ore prices are still main reasons responsible for downtrend of new round bidding price. It is said that HBIS planned to contract Feb purchase on silicon manganese by RMB150-200/mt. However, given alloy companies already suffered losses; too low purchase would make alloys companies possible to lift quotation later in the wake of further cutting output. As for high carbon ferromanganese, leading companies in China of 2014 involving in Shan Oriental Resource Development Company, Anxin Ferroalloy Company, OM Materals (Qinzhou)CO.,LTD, Tianjin JInsheng Metallurgical Company, Ningxia Sincerity Manganese Industry CO.,LTD , as well as Jiaocheng Yiwang Ferroalloy CO.,LTD as so on. Comparatively ample supply in north areas gave rise to a small fluactuation in bidding of HBIS. In terms of medium carbon and low carbon ferromanganese, as both limit supply and demand, the change of products tend to be very small.

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• [Editor:Sophie]