[high carbon ferro manganese]2007 International manganese ferroalloy Forecast

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According to the forecast 2007 world steel output growth lower than in 2006, estimated at 6%. It is expected that in 2007 the European silicon manganese ferroalloy prices buoyant demand will rise. HCFeMn poor market trends; Refining ferromanganese market price shocks is still high; Manganese output will be reduced and the excess supply situation will be better.
1, the European market will remain silicon manganese promising
As the world steel output continued to increase, silicon manganese prices will rise, but the trend of slowing down. 2007 first quarter of a European delivery contract bid last season not rise every 30 dollars, up to 650-670 euros. Rose reasons : (1) China to improve export tax and the proposed EU anti-dumping investigations, making it difficult to silicon manganese China to expand exports, China is to reduce the amount of exports; (2) India's 2007 fiscal year that the abolition of the 3% silicon manganese export tax rebates. As the market demand has slowed down and facing the supply structure of silicon manganese prices adjusted upward trend will slow down. In fact a quarter of this year, a number of European steel manufacturers to reduce steel output, Affected by this American SILICOMANGANESE some of the recent price drop is expected to become the future or will be. Because China silicon manganese ferroalloy exports increased by 5% of revenue, equivalent to offshore export prices every t increase of about 33 dollars in costs. Therefore, their export prices rose. Japan is expected in 2007 in Inner Mongolia Erdos and Jinzhou in Liaoning Province two new joint venture silicon manganese ferroalloy plant will be completed operation, would inevitably increase supply, China will need to further production and export volume.
2, high carbon ferromanganese market will become soft
First Europe and the United States will not optimistic about the market in Europe, It is expected HCFeMn it difficult to maintain the current price level. Because the United States HCFeMn recent market prices down, it may make the South African suppliers of export from the United States moved to Europe, Europe will force down prices, may also cause some European producers to cut production. In the United States, said to the United States Defense Logistics Agency (DLA) in 2006 importers huge amount of carbon ferromanganese, nearly 59,000 t,2007 will sell 100,000 t of stock this year, the United States had high carbon ferromanganese weak market demand, The United States is expected to make high-carbon ferromanganese prices fell to a low point. In Japan, from China's recent high-carbon ferromanganese CIF bid for 720-730 dollars /t; South Africa produced the phosphorus HCFeMn exports to Thailand, the Philippines and other market CIF prices not rising 50 dollars, up to 800 U.S. dollars.
3, refined ferromanganese market prices will remain high price of refined ferromanganese
operations after supply shortages and price increases, The market has steadily shifted. But prices will still remain at the top. Norway and South Africa, because the manufacturers are increasing their output, the supply of the market will play a stabilizing role. Last year, China's exports to the Netherlands by nearly 677 million tons refined ferromanganese, and because China increased by 5% export tax, Export prices rose by 50 U.S. dollars per ton. Evidently, this year China's export refined ferromanganese from the economic point of view is more cost-effective.
4, manganese ore output will be reduced and the excess supply situation will improve
last year for manganese ore prices than weak demand, To this end in 2007 some manufacturers have taken reduction measures. OM which Australia Ltd. layout Creek Mine announced that it would reduce the high cost of mining output, plans production in 2007 50-2000000 not. In addition, due to rising freight costs, the long-distance market also export volume will decrease. Accordingly, it is estimated that in 2007 the world's manganese supply would improve and prices will go up.