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[Ferro-Alloys.com]In recent period, Chinese manganese alloy showed no big fluctuation on the heel of further downturn in the early June. Price of silicon manganese 6517 maintained at RMB5,150-5,300/mt while RMB4,500-4,700/mt for 6014. High carbon ferromanganese 65 lingered about RMB4,500-4,700/mt, while RMB5,400-5,600/mt for high carbon ferromanganese 75. Medium carbon ferromanganese 75C2.0 stood at RMB7,400-7,600/mt and while RMB8,500-8,700/mt for low carbon ferromanganese 80C0.7.

As of silicon manganese, somewhat tight spot supply in several areas would be still hard to boost market because of contracting tender of steelmakers in early June. In addition, parts of silicon manganese producers tend to edge down sale slightly under tight capital pressure in a bid to stimulate transaction. In terms of ferromanganese, high carbon ferromanganese began to show calm after RMB100-150/mt downtrend last week, sluggish demand and lowering sale make traders hold hesitate on purchasing.

In short, it is estimated that manganese alloy would be still hard to rebound in the near future.

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• [Editor:Sophie]