Medium-carbon ferromanganese prices dip
Jul 19, 2013 | 02:52 PM
| Daniel Fitzgerald
NEW YORK Medium-carbon ferromanganese prices have dropped to their lowest level in nearly four years, flummoxing traders who believe that market fundamentals should not have engendered a price dip.
AMMs medium-carbon ferromanganese price range is 84 to 86 cents per pound, down from 86 to 88 cents previously, with unconfirmed transactions reported below 84 cents per pound.
It is the lowest trading range for medium-carbon ferromanganese since August 2009, when the product was between 80 and 85 cents per pound. While traders acknowledged that spot trading activity has been scarce, some were confused by the price drop.....
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