The prices reflect the rising need for green ferro-manganese prices in China, and increasing demand by smelters for green pricing mechanisms while China ramps up the decarbonization of the steel supply chain to meet global steel demand.
Fastmarkets’ green ferroalloy domestic, ferro-manganese differential, will be assessed every week against Fastmarkets’ established China ferro-manganese price assessment.
The inferred price will be calculated by adding the green ferro-manganese differential on top of the weekly China ferro-manganese price assessment to provide transparency.
The price specifications are as follows:
MB-FEM-0008 Green ferroalloy domestic, ferro-manganese max 7% C, 65% Mn min, differential to FeMn assessment, in-whs China, yuan/tonne
Quality: Scope 1-3 emissions of 0-3 tonnes of CO2, composite energy intensity: ≤660 kilogram coal equivalent per tonne, electricity consumption: ≤2400 kWh per tonne, manganese element usage rate: ≥95%, water recycling rate: ≥95%, allowable emission concentration: ≤30 milligram per cubic meter, slag treatment: 100%, 0 wastewater discharge
Quantity: minimum 3 tonnes
Location: In-whs China
Timing: Open
Unit: CNY/tonne, normalized to Mn 65%
Publication: Weekly. Friday 5-6pm Shanghai time
MB-FEM-0009 Green ferroalloy domestic, ferro-manganese max 7% C, 65% Mn min, weekly inferred price, in-whs China, yuan/tonne
Quality: Scope 1-3 emissions of 0-3 tonnes of CO2, composite energy intensity: ≤660 kilogram coal equivalent per tonne, electricity consumption: ≤2400 kWh per tonne, manganese element usage rate: ≥95%, water recycling rate: ≥95%, allowable emission concentration: ≤30 milligram per cubic meter, slag treatment: 100%, 0 wastewater discharge
Quantity: minimum 3 tonnes
Location: In-whs China
Timing: Open
Unit: CNY/tonne, normalized to Mn 65%
Publication: Weekly. Friday 5-6pm Shanghai time
These prices are part of the Fastmarkets ores & alloys price package.
To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact Tina Tong by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Tina Tong re: China green ferro-manganese prices.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
