Mainstream June Purchase Price of FeSi Tended to Keep Flat over Last Month

According to the investigation of www.ferro-alloys.com, cold-rolled strip steel price decreased in China recently. In Hebei and Shandong province,

[Ferro-Alloys.com] It is said that Hebei Iron and Steel Group alreaed released initial bidding price for manganese alloy in June. Silicon manganese 6517 was edged up to RMB6,650/mt with more or less 30,000 tons from RMB6,600/mt.

[Ferro-Alloys.com] Flat demand coupled with excess supply for manganese ore are blamed for the ongoing poor performance and sapping prices in China.

At early of May, the European chromium metal price rose by USD200/mt. then it kept the firm standard of USD8800-9000/mt.

According to the producers, the supply of low FeNi was pretty tight. Now the low FeNi price had already increased to RMB3,400-3,600/mt,

According to the market, the high carbon ferrochrome market still bore great pressure for the rising cost of the chrome ores.

Nickel was underpinned on Tuesday after rioting at a Vale mine in New Caledonia intensified worries over supply shortages, while copper hit its highest level in nearly three months on demand recovery hopes.