[Ferro-Alloys.com]In recent period, Mn46 lumps are now tumbling at RMB33.5-35/mtu and RMB33.5-34.5/mt for Mn48 sands. South African Mn38 lumps are dipping to around RMB28.5-29.5/mtu, Brazilian Mn 44-45 lumps are lowering to RMB31-31.5/mtu while RMB31.5-32.5/mt...

Mg Price Improved with Reduced Inventory in China

Market price of ferrosilicon remained below production cost line and ferrosilicon producers were seen with reduced numbers of furnaces into operation, but mainstream ferrosilicon prices were still stable in main production regions.

Affected by the weak market condition of the low ferronickel, the low-grade nickel ores future price also declined

During June and August, the stainless steel production would enter the off-season, which reduce the demand of the raw material-ferronickel.

Till the end of this week, the imported prices of ferrochrome CIF Chinese ports had been as follows, India ferrochrome, USD0.82-0.83/lb Cr; South African ferrochrome, USD0.81-0.82/lb;

FeCr price dropped by RMB50/mtu in June. Considering the high costs pressure, suppliers had to reduce the storage for raw materials. The transaction of chrome ore was not that active.

Supply of Si products was still tight on spot market and it’s hard to purchase. In mid-June,