Medium carbon ferromanganese prices expected to go down

Medium carbon ferromanganese market remains soft at present, and not many buying activities reported from some active market participants, but medium carbon ferromanganese prices temporarily keep at current level.Asian Metal Copyright With about 1,500t of the material in stock now, the smelter expressed the soft demand with few enquires from the dealers.Asian Metal Copyright

With an output of 3,000tpm of medium carbon ferromanganese 75%, C 2.Asian Metal Copyright With a trading volume of 2,000tpm of medium carbon ferromanganese 78%, C 1.Asian Metal Copyright0%max, a smelter in Yunnan sold 1,000t of the material to steel mills in South China at RMB11,250/t(USD1,648/t) ex works on Monday.Asian Metal Copyright "Although medium carbon ferromanganese prices remain firm at present, I think the price will go down a little in view of soft demand from end-users," said the source.Asian Metal Copyright The price kept stable at this level for two weeks.Asian Metal Copyright The price kept stable at this level for two weeks.Asian Metal Copyright With about 1,500t of the material in stock now, the smelter expressed the soft demand with few enquires from the dealers.Asian Metal Copyright With an output of 3,000tpm of medium carbon ferromanganese 75%, C 2.Asian Metal Copyright

"Although medium carbon ferromanganese prices remain firm at present, I think the price will go down a little in view of soft demand from end-users," said the source.Asian Metal Copyright "We will stop replenishing the material, and take a wait-and-see attitude towards the future market.Asian Metal Copyright

With a trading volume of 2,000tpm of medium carbon ferromanganese 78%, C 1.Asian Metal CopyrightBEIJING Asian Metal 19 May 10 – Medium carbon ferromanganese market remains soft at present, and not many buying activities reported from some active market participants, but medium carbon ferromanganese prices temporarily keep at current level.Asian Metal Copyright5%max, a trader in Hunan purchased 600t of the material from some suppliers at RMB12,300/t(USD1,802/t) ex works last Friday, and the price has kept stable at this level for one week.Asian Metal Copyright The trader exposed that the medium carbon manganese prices still stand at high level, so they have already decreased purchase volume due to the sluggish demand.Asian Metal Copyright Actually the dealer still has 800t of the material in stock.Asian Metal Copyright "Although medium carbon ferromanganese prices remain firm at present, I think the price will go down a little in view of soft demand from end-users," said the source.Asian Metal Copyright The trader exposed that the medium carbon manganese prices still stand at high level, so they have already decreased purchase volume due to the sluggish demand.Asian Metal Copyright The price kept stable at this level for two weeks.Asian Metal Copyright

"We will stop replenishing the material, and take a wait-and-see attitude towards the future market.Asian Metal Copyright With an output of 3,000tpm of medium carbon ferromanganese 75%, C 2.Asian Metal Copyright As there is no indication that this situation will become better, so I think medium carbon ferromanganese prices will fall down," said the source.Asian Metal Copyright Actually the dealer still has 800t of the material in stock.