Participants report a quiet ferromanganese export market with depressed demand from the export market and slow business activities. Some producers even anticipate the market may not rebound at the rest of this year.
An Indian producer who is running with an output of 500tpm of high carbon ferromanganese 75% told Asian Metal that they offer the material at USD1,200-1,210/t FOB India this week, no change in figures during the past one week, while they only concluded a few small deals with the local traders at USD1,200/t FOB India these days.
The source commented that the buyers are cautious to replenish the stocks due to the uncertainty of the global economy. They purchase more often with small quantity each time.
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