Manganese highlights

摘要

US prices of both medium-carbon and high-carbon ferro-manganese inched up this month as domestic steel mills continue to take agreed upon contract volumes despite the fact that a series of unplanned outages has resulted in a 2.3% month-on-month decline in raw steel output. US silico-manganese prices held steady as the market keeps a watchful eye on the effect of the imminent restart of domestic capacity. A lower than expected price decline is likely to give some support to the Chinese silico-manganese market, enabling spot prices to stabilise. We believe that shuttered smelter capacity in China's Inner Mongolia region helped to establish a foor despite fears of weaker steel demand.