Latest quoted prices in China for silicon manganese is around RMB9,100-9,200/mt in the Guizhou and Yunan areas. Supplies from the Sichuan areas are affected by destruction in the recent earthquake. Market insiders believe that this rising trend mainly is a result of a rising domestic manganese ore price and transport pressure.
As a result some manganese alloys producers are purchasing domestic manganese ore due to the high price of imported ore. Consequentially domestic ore supply is tight and with an increasing price.
Source: www.ferroalloys.com
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