Major silicon and manganese suppliers slightly reduced the spot market quotation

According to Hainan West Asia Group's understanding, Japan's sluggish demand for basic ferroalloys has forced major silicomanganese suppliers to slightly lower their quotations in the spot market. However, the demand for ferrosilicon is also not good, but the price is stable.

The quotations of India's silicomanganese (65%Mn; 16%Si) to Japan fell by US$5 week-on-week.

Despite rising manganese ore prices, Indian suppliers have been unable to maintain positions due to sluggish buying activity. Transaction volumes are still thin as Japanese traders have sufficient stocks under long-term contracts.

The situation in the silicon alloy market has not changed. Offers for ferrosilicon (75% Si) in China were unchanged from a week ago.

Japanese consumers buy in small quantities according to their needs. Sellers in Malaysia have followed Indian suppliers in cutting prices, hoping to attract interest from Japanese buyers.

Activity among local traders and end users in the Japanese domestic market is assessed as moderate so far. Traders are selling materials to local consumers from their pre-established stocks.

As one of the largest destination countries for ferrosilicon export in China, Hainan West Asia Group will pay attention to the market situation with you, please contact us