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Ryan’s Notes
July 18, 2014

Manganese alloys on autopilot

The manganese alloy markets were largely subdued in the past week. In the US and Europe, consumption downstream was steady, but spot activity lacked across both regions. In Europe, manganese was limited to a relatively small amount of transactions, with price tags generally falling mid- range for most manganese alloys. In the US, besides some typical foundry business, the spot market remained lackluster – typical of the season.

Felman Production and its current ramp up remained a theme among end users and sellers alike who were eager to predict the near-term trend. Meanwhile, the company previously noted that any lost silicomanganese production in Georgia would be made up in West Virginia as the company shifts global production to meet its own needs and those of its long-established customers.

While prices for US silicomanganese have decreased in recent weeks, there was no indication that prices would alter much in the coming weeks given that business has decreased dramatically. Meanwhile, it was expected by several in the market that many traders were reducing their exposure to the market ahead of the summer slowdown.

In the European market, some minor business was reported, although prices showed no sign of alteration from the current range. There was speculation, however, that material was available at much lower prices, with a limited number of traders indicating silicomanganese tags as low as €790 per mt, DDP, although the claims were not substantiated. With businesses currently in mid-summer, activity was still greatly reduced, and few data points provided any indication to the direction of the market.