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Manganese alloy market strength in Europe by tracy
Dealers said the steel mills in Europe over the past few weeks, mad rush to buy raw materials, silicon-manganese prices push straight up, the market expects short-term do not change this trend will continue.
Strongly depend on the Nordic steel producers for the production of silicon-manganese alloy steel products in the construction industry, and southern Europe like Spain and Italy Quedui dependence is relatively weak Si-Mn.
Traders said most of the current manufacturers manganese Nordic stock shortages, resulting in inability to meet cash needs as well as some long-term customer orders.
They said: "Given the current strong demand for steel, capacity utilization close to 80-100%, we intend to November for sale to raise some of silico-manganese prices. In fact, not only in Europe,yttria oxide, the CIS and Turkey at present market are very scarce shelf manganese, silicon, manganese and ferrosilicon the reservation is not planned arrival of imported goods, many steel factories turned to us to find the goods. "
"We are 11 and 12 are very confident the market in January and the first quarter of next year that will also be a good start."
Silico-manganese prices in recent weeks, another reason is the continuous silicon metal prices rose, mainly due to Chinese smelters in order to meet emission reduction objectives of the government will cut production.
The current spot price of manganese in the European Euro 1,150-1,180 / t (ex factory), compared to the previous price of 10 euros, while the Central European manganese prices by 20 euros to the same price level.
This year,yttria oxide price, traders said 1,600-1,620 U.S. dollars / ton price to Ukraine sold a total of 5,000 tons of cargo, to Bulgaria, Greece,yttria oxide supplier, Poland and Romania sold 1,000 tons of customers, the price of 1,150-1,180 euros / ton (DDP).
South African supplier of silicon-manganese prices will now be reported in the 1,450-1,470 U.S. dollars / ton FOB. As demand rose and the dollar continues to depreciate, they are planning to raise the offer.
European steel mills want to purchase the goods as much as possible can be achieved within a few days, so silico-manganese in China and India offer relatively low.
Source: http://www.mhcmm.com
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This entry was posted on Thursday, September 21st, 2006 at 7:37 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.