April 2012

Felman holds line on Mn alloy prices for May

Manganese alloy supplier Felman Trading Inc., Miami, Fla., is holding its prices steady for May, with the floor price for silicomanganese still at 80 cents per pound and high-carbon ferromanganese at $1,600 per long ton.

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

China's manganese ore imports down nearly a fifth in March

Chinese manganese ore imports dropped 18.9% in March, as persistently weak market of manganese alloys persuaded buyers to cut purchase volumes.

US HC ferromanganese prices fall on slowing spot activity

High-carbon ferromanganese prices are softening as spot activity has slowed after the completion of second-quarter buying.

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

Chinese manganese ore port inventory falls to under 3m tonnes

Chinese manganese ore port inventory has declined to below 3 million tonnes for the first time since 2010 December, lifting market sentiment, market sources have said.

Vale’s manganese ore output down in Q1; ferro-alloys stable

Vale’s manganese ore output fell by 36.1% quarter-on-quarter in the first quarter of 2012 to 484,000 tonnes, the Brazilian company said in a production report published on Wednesday April 18.

Silico-manganese producers rush to cover amid limited availability

Silico-manganese producers are desperately searching for material in Europe, declaring themselves sold out or even oversold, market participants told Metal Bulletin.

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

China ferro-alloys output up more than expected in March

China’s ferro-alloys output continued to increase in March, with higher-than-expected growth of 13.1% compared with February.