Weekly Reports
Chrome Ore Prices Stabilized on China’s Devaluation(Aug 10rd-Aug 14th)
[Ferro-Alloys.com]Chrome ore prices remained stable this weak and the prices are expected to cease to fall on China’s devaluation, although China’s ferrochrome prices made a second jump following July. |
Low Operation of EMM of China to Bolster Spot Market (Aug 10th – Aug 14th )
[Ferro-Alloys.com] In mid- August, low operation rates of electrolytic manganese metal allowed manganese producers to tend to hold price |
Chinese CaSi Market may Affected by RMB Depreciation and Massive Explosion in Tianjin (Aug 10th-Aug 14th)
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Chinese Calium silicon market still kept gloomy in the mid-August with ex-work prices at RMB9,000/mt and RMB8,800/mt for CaSi30# and CaSi28#. In August, the capability utilization rate and transaction have no improvement now. |
Chinese FeSi Spot Market Kept Tumbling (Aug 10th – Aug 14th )
[Ferro-Alloys.com]There was little fluctuation in the price of ferrosilicon in mid-August. Given poor sale and increasing capital pressure, some alloy suppliers forced to put price drop by RMB50/mt from the prior week. |
Chinese Mn Alloy Still Underperformed amid Sluggish Demand (Aug 10th – Aug 14th )
[Ferro-Alloys.com] In recent period, poor performance of manganese alloys in China failed to improve. As sale and capital pressure, some producers have a strong desire to sell products which aggravated market competition |
Chinese Ore Traders Tend to Hold Mn Ore Steady amid RMB Exchange Rate Fluctuations (Aug 10th – Aug 14th )
[Ferro-Alloys.com]In mid August, Australian Mn46 lumps kept at RMB25-25.5/mtu at ports in China. As for Mn48 sand ore, the price remained at RMB23.5-24/mtu in China. |
Chinese FeV Price Drop Slightly with Weak Demand from Steel Mills (Aug 3rd—Aug 7th)
Chinese FeV price drop slightly with FeV50 quoted at RMB61, 000-62,000/mt by acceptance. Steel mills finished their tender with less volume and decreased price. Two steel mills in Jiangsu and Hubei were to purchase 190 tons of FeV50 at 55,700/mt by acceptance.... |
Chinese FeMo Price Kept Flat While Oversea Molybdenum Oxide Price Drop (Aug 3rd---Aug 7th)
Chinese FeMo price kept flat,FeMo60 quoted at RMB62,000 per ton and 64,000 by acceptance. At the beginning of August, mainstream steel mills finished their FeMo tender purchase at a new low price of RMB60, 000 per ton by acceptance. |
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