Worldwide supply in November was up on an annual basis by 9.5%, but total production for the first 11 months of 2020 dropped by 4.7% year on year.
Output from the Asia and Oceania region came in at 1.29 million tonnes in November, down by 5% from with October but up 10% year on year.
The CIS region produced 107,000 tonnes of silico-manganese in November, 3% lower than in October and up 5% from November 2019.
In the January-November period, output from the CIS region dropped 16% year on year due to production cuts in Kazakhstan and Ukraine offsetting increases in Russia and Georgia, the IMnI said.
Silico-manganese prices were relatively stable in November, with the exception of the Indian market which dipped sharply mid-month, before correcting higher amid renewed demand.
Fastmarkets’ silico-manganese 65% Mn min, min 16% Si, fob India price finished November at $880-900 per tonne, compared with $860-890 on October 30 and after trading as low as $850-860 per tonne on November 13.
World demand for silico-manganese in November dropped by 3.3% month on month to 1.49 million tonnes, although that figure also represented an increase of 8.3% year on year.
For the first 11 months of 2020, world demand was down by just under 1%.
The bulk of November’s demand for the alloy came from the Asia and Oceania region at 1.24 million tonnes, down 5% against October and up 9% compared with November 2019.
The report did not provide total year-to-date supply and demand figures.
