US ferromanganese prices surge, ferrosilicon market remains stable

Prices in the U.S. manganese alloy market are showing an upward trend, but transactions at new prices have not yet been concluded. The ferrosilicon market is calm.

Due to the rapid rise in manganese ore prices, foreign manganese alloy suppliers' quotations have increased significantly, prompting US sellers to increase alloy prices in the spot market. Therefore, the quotations of high carbon ferromanganese (75% Mn) in the United States this week are in the range of US$1,400-1,450/ton DDP, an average increase of US$200/ton from two weeks ago. A similar situation occurred for silicon manganese (65% Si; 17% Mn). Its quotation range was US$1,366-1,433/ton DDP, with an average increase of US$77/ton. "The market is currently frozen. There are not many transactions, and everyone is also They are all still waiting and watching.