Chinese steel mills restart purchase of ferromanganese

It is reported that current domestic FeMn market runs steady as steel mills start to restock.

High Carbon Ferro Manganese tends upward with mainstream price at CNY 8300 per tonne to CNY 8500 per tonne. Guangxi Bayi Steel firstly raised purchase price by CNY 200 per tonne to CNY 8700 per tonne ex factory for HCFeMn.

Export prices of HCFeMn stand at USD 1500 per tonne FOB and USD 1700 per tonne FOB respectively. Medium Carbon Ferro Manganese is quoted in disorder now as most makers are still suspending production makes slim spot goods available in the market. MCFeMn 78C2.0 price is at CNY 10,500 per tonne to CNY 12,500 per tonne and 78C1.5 at CNY 11,500 per tonne to CNY 13,500 per tonne but the real executive price of 78C2.0 which is slight higher price in the north is said at around CNY 11,000 per tonne.

Low Carbon Ferromanganese generally stays at CNY 14,000 per tonne and almost no spot goods are available now. – MySteel.net