South African manganese prices up as freight cost eases, but margins still thin

Element 25 to move larger manganese shipments

...coupled with the elevated Chinese price for magnesium, the key consumer of 75% of ferro-silicon, drove up the ferro-silicon price.

The 2109 ferrosilicon contract price on ZCE closed at 10500 yuan per ton on August 31.

China's two major steelmakers, Ansteel and Ben Gang Group Corporation, inked a deal on Friday to kick off their merger and restructuring that will create the world's third-largest steelmaker.

Ben Gang has become the latter's subsidiary.

Revilla said the index gives a good sign since "money always flows in the right direction."

The 2201 silicomanganese contract price on ZCE closed at 8654 yuan per ton on August 31.