mouse, I see that you read the OMH report. What most investors don't realise is that its Ferro silicon thats making the real money rather than the manganese. Chinese domestic Ferro silicon prices were 5,700 yuan US$800/tonne ( export US$1,200/tonne) in June 2017. OMH stated it made $12 miilion profit after tax in JUNE.
However Chinese domestic FeSi prices have now increased to 8,700yuan US$1300/tonne (export US$1,780/tonne) on the 30th August 2017.
Silico manganese and ferro manganese prices are flat.
Its Ferro silicon that you need to watch.
As a Japanese metal trading website says
FeSi Price in China Enhances Rising Trend and Enters Crazy Market
1
= Supply becomes reduced contrary to increased demand from steel mills =[/B]
GMC Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
