Spot Price of Electrolytic Manganese in Export Market on April 23, 2020

On March 17, the transaction of 30,000 mt of alumina was made at $527/mt FOB, which was $2/mt higher than in Indonesia on March 16. The goods will be shipped in late April. The price has risen by 39% from early February, and China’s export window has been expanded to 1,400 yuan/mt.

According to Chinese customs, China imported 2,210.82 mt of silicomanganese in November, down 73.54% MoM, and the exports stood at 7,294.16 mt, up 2.31% MoM and 447.69% YoY.

According to Chinese customs, China imported 2.25 million mt of manganese ore in November, down 12.7% MoM and 25.9% YoY, and the exports stood at 2,900 mt, surging 246.53% MoM.

According to customs data, China's aluminium extrusion exports stood at 74,400 mt in October, down 8% month on month and 4% year on year.

The average price of Ni 1.5% Philippine laterite nickel ore stood at $82/wmt last week, flat on the week.

This is a roundup of news in the steel industry for last week.

SHFE nickel prices are expected to fluctuate between 141,000-148,000 yuan/mt, and LME nickel prices are expected to move between $18,800-19,600/mt this week.

According to the customs data, China exported a total of 43.05 million mt of steel from January to July 2021, up 30.9% on the year.

The average price of SMM 8-12% high-grade NPI was 1,390 yuan/mtu (ex-factory including tax) as of August 20

China exported 5.65 million mt of finished steel in March, up from 4.85 million mt in February, according to China Customs.