Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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May 2019 | Steel Raw Materials

Pricing momentum fades amid limited seasonal demand: Ferro-alloy Market Analysis

Chinese alloy producers have reduced production rates in early May due to the Labor Day holidays, Fastmarkets MB reported.

Rising imports and high stock levels at Chinese ports continue to dampen ore price rebound. After exhibiting a diverging trend in April, both high- and low-grade ore prices have continued a downswing since the start of this month. The Fastmarkets’ 44% manganese ore index, cif Tianjin, was recorded at $6.33 per dry metric tonne unit (dmtu) on May 10, while 37% ore index stood at $5.88 per dmtu – both down by over 1% week on week. Liquidity in the Chinese market was limited by Labor Day holiday in the first week...


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