Silicon Buyers Show Divergent Purchase Interest, and Nanjing Steel Decides Purchase Price, SMM Reports

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The overhaul impacted the output of a large smelter in the south by a combined 40,000 mt across its three smelters, which exceeded expectations.

Domestic manganese ore supply grew by 15% in 2018 due to significant inflows of imported resources, even as domestic production shrank further amid environmental pressures.

Western Gold announced on November 8 that it intends to purchase the equities of Akto Kebang Manganese Manufacturing Co., Ltd. (referred to as "Kebang Manganese"), Akto Baiyuanfeng Mining Industry Co., Ltd. (referred to as "Baiyuanfeng"), and Xinjiang Mengxin Tianba Mining Investment Co., Ltd. (referred to as "Mengxin Tianba"), and it will issue shares to qualified investors to raise matching funds.

The silicon metals prices skyrocketed in September and started to fall after the National Day holiday in October. The prices of oxygen-free 553# silicon basically lost all the gains in September, and the prices of high-grade silicon was relatively firm.

Shanghai Baosteel settled its June purchasing price of manganese in a tender at 14,200 yuan/mt, up 1,700 yuan/mt from the tender in May

Manganese prices stayed firm in May as Ningxia Tianyuan Manganese, the biggest manganese producer in the world, cut production by 25% from the middle of May. Purchasing prices in tenders by steel mill

The operating rates of China’s secondary aluminium producers are likely to be slightly lower in April from 61.1% in March, SMM expects.

China’s manganese market saw a surprising rebound for the week ended Friday April 20 as traders stockpiled.

Manganese prices are likely to stay supported as spot supply remained tight following the production cuts of major plants in north China at the end of December.