Hainan West Asia Group learns the manganese market keeps declining sightly in general.
For the manganese ore market, the increased cost of coke, electricity, and manganese raw material hammered factories’ will of production, which also pressured the buyer by price. Most manufacturers are on a lower stock than average. Many suppliers move their goods back to the factory from Tianjin port, which includes supplies for the self-pickup. The transactions remain under average.
Silicon manganese faced the clan between high cost and oversupply of spot goods; the price has fallen into a short-term stalemate. Currently, the quotation from northern China is more competitive than southern. Meanwhile, numbers of manufacturers are silent about any inquiries. The price of raw materials has slid a little, but the poor demand holds the market in a weak stage.
The price of ferromanganese is currently stable, but the inquiries were not very active. In addition, the bidding price of steel mills in the early stage has also been continuously downward, and the overall inventory consumption of factories and traders is relatively slow. The situation also leads the industry more pessimistic about the future market.
For more market information, please contact Hainan West Asia Import&Export Group Co, Ltd.