Ferro alloys market
in Europe is witnessing thin trading volumes and prices have corrected by $5-10/MT at major markets.
Silico Manganese
Very few
transactions were heard being concluded in the European market as end users are
currently on reduced capacity due to holidays and maintenance operation. Silico
Manganese 65/17 is hovering between EUR 930-980/MT DDP i.e. down by EUR 10/MT
from the price reported last week.
According to traders,
silico manganese market may continue to be under pressure until the summer
season is over. However, prices are unlikely to fall significant as demand is
expected to rebound in September, when end users return to the marketâ€Â.
Ferro Manganese
Ferro Manganese
prices fell further by EUR 10/MT this week after experiencing a decline
of EUR10/MT previously last week. Currently, Ferro Manganese 70-75% is hovering
between EUR 890-940/MT DDP.
Sources believe that further marginal declines are possible
as end user enquiries are expected to be rare in the coming weeks. “Prices are
likely to see a further EUR10-20/MT fall before this summer ends,” said a
European ferroalloys trader.
Ferro Silicon
European ferrosilicon market continues to be dull as the
majority of downstream users, who are undergoing maintenance and reduced
output, remain absent from the market. Currently, Ferro Silicon 75%min is
hovering between EUR 1,090-1,130/MT DDP i.e. down by $5/MT from the previous
week.
Sources believe prices might under downward pressure as
downstream procurement is not expected to resume until August.
Leave a Reply