United States, chromium and silicon manganese alloy market outlook gloomy.
According to market participants of said ferroalloy prices further loosening of the United States, traders worried about their summer vacation season, the market will be more depressed than expected.
By: MHC INDUSTRIAL CO., LTD
United States, a senior industry official said: "wait and see attitude is very strong for each person, on the market outlook is very worried about the economy remains the possibility of the second bottom, but I think we have not yet reached the end of 2008 when the worst case, because the inventory is not enough to lead like that in 2009 economic crisis. "
Recent market performance manganese alloy iron alloy can be said among the most depressed. High-carbon ferromanganese prices have been from the 1,370-1,400 dollars / ton down to 1,300-1,350 dollars / ton, while the carbon ferromanganese has dropped 5 cents to 1.28-1.33 dollars / lb, low-carbon ferromanganese prices have dropped by 10 United States points to 1.40-1.45 dollars / pound, while the Si-Mn from 63-66 cents / pound fell to 61-64 cents.
Another analysis of U.S. manganese alloy market trader said: "People are aware of the short term the market is difficult to have a big change, however, difficult to blind the Paohuo not so easy, because the selling price than the price of purchased even lower. "
But traders have stocks according to their own decision, he said: "You have to wait between price and Paohuo make a decision, and many people chose the latter, which in turn further weaken the market price. "
Ferrochrome price has been under pressure, the U.S. spot market price of high carbon ferrochrome from the previous 1.28-1.30 U.S. dollar / pound fell to 1.27-1.29 dollars / pounds.
A U.S. trader said: "Overall, the negative impact of ferrochrome market factors are not too many people competing quote cheap, you do not know whether the actual market reaction. We made the current price of a few mainstream transactions, but only a small amount of a few trucks. "
The agreement between Europe and South Africa's third-grade high-carbon ferrochrome base price from the previous quarter 1.36 U.S. dollars / pound down to 1.30 U.S. dollars / pound, reflecting the weaker trend in the ferrochromium market, another trader ferrochromium said: "Not long ago many analysts predicted that the third quarter of the second quarter of the base price will remain unchanged, or even will be raised, and in a few weeks ago, the market is gradually showing signs of weakness, it is estimated that U.S. ferrochrome prices will not a great impact, but the third quarter, orders from the steel plant to be less than before, the next one should be at a later date, I think the fourth quarter, market conditions will certainly be much better. "
U.S. ferrosilicon price from the previous 90-94 cents / pound dropped to 89-92 cents / pound, while last week by the end of the price of vanadium iron 16.50-17 dollar / pound preached 15-15.50 dollar / pound. Pentoxide also by 6.75-7 dollar / pound fell to 6.25-2.75 dollars / pounds.