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32.0¢ element 25 limited

Ann: Revised Shipping Strategy Yields Substantial Cost Reduction, page-177

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848 Posts.

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08/12/21

22:32

Post #: 58173269
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Originally posted by rocket973: ↑

There should be an improvement in Mn alloy production in China with a pick up in iron ore/steel production. That should flow into Mn ore sales and prices, but the Chinese alloy prices have slumped so producers are unlikely to pay more for the ore at present. Many Mn alloy producers have closed and doing maintenance. Some Chinese producers are looking at the export market, but the high power costs plus the Chinese 20% export tax makes them expensive.
It will possibly improve next year, but the current 43,000 tonne shipment will be priced lower than most on here realise.

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E25 Price at posting: $1.10 Sentiment: Buy Disclosure: Held
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