Manganese prices keep rising, OMH profit UP, page-5

Its a great time for OMH to ramp up all the furnaces at  OM Sarawak, the price for ferrosilicon, ferro manganese and silico manganese are on the rise. Its already been mentioned that OMH's profit is more than US$200/tonne on these products. This will become obvious to the market in a few months time with the next Quarterly report. High alloy prices plus a Mn price for 36% above US$5/dmtu should give OMH a 1/2 year profit above $60 million.

Chinese ferro-silicon prices edged higher because of slightly tighter supply
Metal Bulletin’s ferro-silicon price in the Chinese spot market was 5,500-5,600 yuan ($800-815) per tonne in-warehouse on Friday May 26, up almost 1% on the previous week, while the export fob price was flat at $1,130-1,150 per tonne.
European ferro-silicon producer Ferroglobe has increased ferro-silicon production and more exports to Europe are expected from Malaysia this year.
Alloys firm elsewhere
Metal Bulletin’s price quotation for Indian silico-manganese rose to $1,080-1,125 per tonne, up $20 on the low end of its trading range.

Metal Bulletin’s price quotation for silico-manganese, delivered in Europe rose to €1,100-1,150 ($1,229-1,285) per tonne, up from €1,100-1,125 previously.

While concluded business came in around $1,100 per tonne, producers offered at or above the high end, according to sources.

Metal Bulletin’s price quotation for high-carbon ferro-manganese, delivered in Europe held at €1,200-1,280 per tonne, as concluded business was reported at €1,270 per tonne.