Manganese Monthly Report-July 2015

JOHANNESBURG - July 25, 2015 - PRLog -- Core Consultants' new manganese monthly report to be published on 27 July 2015 reveals that manganese stocks at Chinese ports has remained stable, despite lower demand. As such major ore suppliers have left ore prices unchanged, though may be forced to lower prices if the supply overhang persists.

Chinese silicomanganese producers have scaled back production considerably, with many regions operating at between 20-45% capacity utilisation. Chinese ferromanganese producers are under similar strain to their silicomanganese counterparts, though month-on-month production is continuing to increase.

The only region to show a slight improvement in ferromanganese prices is Europe. Whilst the number of transactions has declined due to the summer vacation period, this effect is counteracted by lower output in South Africa. Many South African ferroalloy producers have scaled back or curtailed production due to higher winter electricity tariffs.  European steel is expected to expand slightly by 1.5% year-on-year in 2015 which will assist prices to remain relatively stable.

To find our more about subscribing to the report, please email Lara Smith at lara@coreconsultants.org or visit our website at http://www.coreconsultantsgroup.com