NEW YORK High-carbon
ferromanganese prices have weakened to between $1,090 and
$1,145 per long ton from $1,090 to $1,165 previously, with a
three-truckload deal reported at the top end of the range this
"Theres all sorts of
high-carbon (ferromanganese) in the market," one producer
source put forward as a likely reason behind the fall. The
failure of Fort Belvoir, Va.-based DLA Strategic Materials to
log sales also is a sign of poor market conditions, the
producer source said.
There was little reported
activity for medium- and low-carbon ferromanganese as
second-quarter buying has concluded, and significant spot
inquiries were few and far between.
"Theres not much to talk
about, to tell you the truth," the producer source said.
"Theres really been nothing at all. The past couple of
weeks have been pretty much dead."
prices have held steady at between 88 and 90 cents per pound,
although small deals were reported both above and below
AMMs range this past week. Low-carbon
ferromanganese also remained unchanged at $1.04 to $1.06 per
Prices on the two products are
expected to rise, "especially on low-carbon ferromanganese,"
the producer source said. "Theres no reason for anybody
to be aggressive on that."
Silicomanganese prices have
remained steady at between 53 and 57 cents per pound, although
market sources expressed some surprise that those levels
"When you see the cost of ore
has gone up and silicomanganese prices stay the same, its
mind-boggling to us," a second producer source said.
Ferrosilicon held steady at
between 92 and 94 cents per pound after a recent drop, with six
truckloads reportedly sold at the lower end of the range this
"A month ago, things were tight.
Of course, the minute the market goes up, more material floods
in," one trader said of a likely reason for the lower
A large domestic steelmaker is
said to be looking to secure a long-term supply of the
material, although no deal has been concluded, market sources
High-carbon ferrochrome prices
remained in a range of $1 to $1.03 per pound with few reported
transactions, although there were unconfirmed reports that a
one-and-a-half-truckload deal had been done well below
"We heard that; its been
going around," a second trader said. "Im not sure
(0.10-percent grade) held at $2.02 to $2.07 per pound, with
eight tons of the material reportedly sold at $2.05 per pound
this past week, although larger, unconfirmed deals to consumers
were reported below AMMs range.
Meanwhile, molybdic oxide ticked
up slightly to between $10.90 and $11.30 per pound from $10.75
to $11.20 previously, with a truckload sale of briquettes
reported at the top end of the range. Spot activity was still
said to be limited, however.
"Its really slow in the
United States," one producer source said. "Mills are buying as
they need, but theyre not roaring along."
Ferromolybdenum was unchanged at
between $11.90 and $12.35 per pound with no reported spot
Ferrovanadium also held firm at
between $14.90 and $15.15 per pound, with the most recent
reported spot business being a one-truckload sale at $15 per