A Weekly Review of Manganese Alloy Market （7.10-7.14）

The overall ferrosilicon production cost changes were not significant, and the supply has remained stable with a slight decrease.

“I’m not too worried, but you also can’t kid yourself for too long. The supply story is still there, but there are more and more demand questions emerging,” one trader in the region said.

Bofa cuts nickel price forecast to $22,063/t in 2023 ($23,222/t preciously); 2024 forecast unchanged at $21,250/t.

After all, the traditional off-season was coming, and the operation was cautious.

Ferro-alloys is a highly energy-intensive industry and one of the key sectors attracting the attention of government departments and industry market participants over its progress in terms of its green development.

North American steel scrap prices could face their third consecutive month of decline across all grades in July as traditional summer production slowdowns hinder demand.

China’s ferro-silicon market has displayed weak momentum since the beginning of 2023, with decreasing supplies and demand between January and May 2023.