SHANGHAI, Jun. 16 (SMM) –
Manganese Ore Market:
Manganese ore prices at Chinese ports remained stable on June 16. Demand in South China was weak, leading to slow sales at some traders. Sales in North China were better due to high operating rates at SiMn producers. Imported ore concentration ratio increased, helping stabilize manganese ore prices at ports and reducing ore categories held by traders. Traders lacking profit placed orders cautiously, and some of them may fall short of some ore categories.
Manganese Alloy Market:
Bid prices for SiMn 60/14 and SiMn 65/17 were stable today, despite spot supply tightness. This is due to bid prices by mainstream steel plants and SiMn producers selling at lower prices to generate cash. Prices for non-standard silicomanganese slid on soft demand.
EMM was largely offered at RMB 10,850-10,950/mt on June 15. Sluggish demand constrained EMM price gains. Rising EMM prices have boosted selenium dioxide selling prices, but some EMM producers have built stocks at lower prices. Some regions fell short of manganese carbonate ore, which will cause price to increase.