With the coming of the New Year holidays, most market participants have suspended trading business these days, and Indian high carbon ferromanganese 75% export market keeps slack this week. Little fluctuation is expected to take place in the coming weeks.
An Indian producer said that they have stopped production since middle December due to the low price and weak demand. They offer the high carbon ferromanganese 75% at USD950/t FOB India this week, but only some small deals were made with the traders. “Most consumers have stocked enough materials for future production and may not purchase until they finished the stocks,” said the source.
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