Market participants reported that Indian ferromanganese export price move downward slightly amid soft market this week resulting from the sluggish demand from the export market. Most end-users anticipate the market will not pick up throughout this year in view of the global economic conditions.
An Indian producer tells Asian Metal that rates for the high carbon ferromanganese 75% are at USD1,040-1,050/t FOB India this week, which shows a downward trend in the past two months, while it does not give any help to the sales. “Our stocks go high as the consumers only purchase on an as-needed basis with price decreasing. Right now, the buyers are still placing orders, while they prefer to buy more frequently with small-quantity each time,†said the source.
Leave a Reply