Chinese manganese alloy and ore market report Dec 2010

The manganese alloys market remains slow and weak, and the demand decreased further relatively with price sliding to a low level from steel mills.
Furthermore, the oversupply of spot materials exacerbated the price fall. The running costs, such as coke price, power charge and transport fee etc., are increasingly going up, which gives a heavy burden for operation.
The imported manganese ore market keeps stable and weak with few deals concluded, and the stocks in ports have piled up to a high level currently.
With the approaching of Chinese New Year, some traders choose to sell out the materials in stock at a lower price for money withdrawing. Fortunately, these activities have not given a big impact on the market yet. On the international market, the manganese alloys market remains slow but the prices have increased slightly.


13 Jan ferromanganese export price:
High carbon ferromanganese (78%min); 1,720-1,750 USD/t, fob