On Sep. 1st, the ferronickel project’s power plant invested by Guangdong Guangxin Holdings Group and Tsingshan Group in Indoensia started constructing.

Silico Manganese prices have fallen this week as market participants continue to witness weak demand.

Demand for manganese and silicon alloys has been sluggish in the Japan's market in late August. Indian SiMn (65% Mn; 16% Si) has gone down in price to $1，050-1，080/t CIF Japan (down $25/t)，

In recent period, prices for manganese and silicon alloys have been largely unchanged in the USA. SiMn (65% Mn; 17% Si) is sold in small batches at $0.58-0.60/lb ($1，280-1，325/t) DDP

China raised exports of noble alloys in July. Shipments of ferrovanadium rose by 21% to 628 t. Sales to Europe totalled 260 t (up more than 2 times), those to Japan ? 130 t (up 30%), and to South Korea ? 96 t (large unchanged).

This week, molybdenum oxide (60% Mo) has been available in India at about $13.35/lb Mo CIF. Ferrovanadium (80% V) is priced at some $26.75/kg V CIF. The material is at the stocks in Rotterdam.

Quotations have risen in the Chinese FeMo market, because of the growth of Mo oxide, the main raw material for the alloy production.

Quotations of ferromolybdenum (60-70% Mo) have risen as deals are mostly closed for small batches. The market is generally quiet, inquiries being rare. The material is sold at $15.75-16.2/lbMo DDP (up 1.4% w-o-w) or $17/lb Mo DDP for prompt delivery. Molybdenu...