Indian, European manganese alloys markets jump on tight supply, ore rally
The Indian silico-manganese export price and European domestic high-carbon ferro-manganese price rose in the past week amid tight alloy availability and hefty increases in the cost of ore.
The silico-manganese 65% Mn min, min 16% Si, fob India price jumped by 13.5% to $1,000-1,100 per tonne in the week ended Friday April 24 from $900-950 per tonne on April 17. This is the assessment’s highest level since October 2018.
Exporters increased their offers in response to buying inquiries from traditional customers in Southeast Asia and Japan after virtually all Indian production was shut in the past few weeks.
India has been in a general lockdown along with many other Asian countries. There is limited steel production in Indian and Indian ferro-alloys producers have reacted by suspending operations since domestic and overseas demand disappeared. The lockdown was extended recently until May 3, and while the steel sector was exempt a lack of workers and trucks to ship materials to and from plants meant steelmakers had to slash output.
- Forums
- ASX - By Stock
- OMH
- OM Holdings ferro silicon the only producer on the ASX
OM Holdings ferro silicon the only producer on the ASX, page-43
Featured News
Add OMH (ASX) to my watchlist
|
|||||
Last
43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $333.3M |
Open | High | Low | Value | Volume |
43.5¢ | 44.0¢ | 43.0¢ | $64.91K | 150.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 33500 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 33500 | 0.430 |
3 | 11262 | 0.420 |
1 | 30000 | 0.415 |
1 | 5000 | 0.405 |
3 | 39000 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 10000 | 1 |
0.450 | 22028 | 2 |
0.455 | 6528 | 1 |
0.465 | 20000 | 1 |
0.470 | 5000 | 1 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
Featured News
OMH (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online