[Ferro-Alloys.com] With ample mineral resources,mining has been the pillar in South African economy. In recent year, South Africa’s miners apparently have reaped handsome profits in expanding production capacity of crude steel.
[Ferro-Alloys.com]As Spring Festival is around the corner, it seems that few transactions can be made on manganese alloys spot market. The quotation was basically in line with last week.
[Ferro-Alloys.com] In recent period, Chinese imported manganese ore spot market remained calm as more traders off-work for holiday, and faltering demand led to somewhat standstill for transaction.
[Ferro-Alloys.com]It seems that flat demand on ore aggravated traders’concern on future market since increasing number of participants quit market temporarily for Spring Festival approaching.
[Ferro-Alloys.com]It is reported that RMB6,000/mt for HBIS and RMB6,040/mt for Shasteel Group further pushed down new round purchase on silicon manganese in Feb.