Prediction
Oversea Miners High Future Quotation Increases Chinese Traders pressure (Jan 06th – Jan 10th )
[Ferro-Alloys.com] This week, slowing demand and tight capital flow make manganese ore spot market price keep tumbling. Currently, Mn46 lumps tumbled at RMB39.5-40.5/mtu and RMB38.5-39.5/mt for Mn48 sands. South African Mn38 lumps dipped to around RMB34-34.5/m... |
Chinese Mn Alloys Maintained Poor Performance (Jan 06th – Jan 10th )
[Ferro-Alloys.com] At present, 6517 is quoted at RMB6,800-7,000/mt while RMB6,000-6,100/mt for 6014. High carbon ferromanganese 65 is concentrated on RMB6,100-6,200/mt. Medium carbon ferromanganese 78C1.5 is priced at RMB9,100-9,200/mt while RMB8,600/mt for 78... |
Ferroalloy Exports Much Affected by RMB Appreciation in 2014
The past year of 2013 was defined as a year of Chinese currency keeping appreciating against the US dollar |
High Export Tariff Markedly Slashed Exports of Chinese Ferroalloys Over Recent Years
Over the recent years high export tariff of 20-25% on ferroalloys by the Chinese government had deprived price competitiveness of Chinese ferroalloys |
Ferroalloy Market Participant Heartbroken by Unchanged Export Tariff on Chinese Ferroalloys in 2014
In mid December of 2013 Chinese Ministry of Finance announced 2014 export tariff scheme which pointed out 2014 provisional export tariff remained 20-25% on ferroalloys |
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