SHANGHAI, China Chinese
ferroalloys output fell back in July after rising in June as
producers cut output amid lower prices.
Production averaged 81,744
tonnes per day in June, down 14.7 percent from 95,870
tonnes per day in June, taking the months total to
nearly 2.54 million tonnes. However, that figure was still up
8.8 percent year on year, according to Chinas National
Bureau of Statistics (NBS).
"The largest reduction was
probably in the manganese alloys sector ... as that market is
the worst among all the alloys," said a senior analyst in
Prices of silicomanganese and
ferromanganese have sunk to their lowest levels in three years
after a three-month slump in Chinas steel market.
NBS figures showed that in the seven months through July,
Chinas ferroalloy output reached 17.2 million tonnes, up
9 percent year on year.