[Ferro-alloys.com] According to the investigation of www.ferro-alloys.com,electrolytic manganese metal (EMM) market in China continued to rise last week. In the manganese triangle area, mainstream ex-work price of manganese flake rose above RMB12800/mt (USD2065/mt). In Huangpu Port, export price was adjusted to USD2090-2130/mt FOB.
Raw material cost increased, especially sulfuric acid, which elevated EMM price. Meanwhile, there was some hype in the market because downstream demand was still weak. Selenium dioxide price was stable. Ex-work price of 98%SeO2 stayed around RMB260/kg.
Major EMM manufacturers in China took cautious attitude on operation and new capacity was released slowly. Spot inventory increased as market price rose. EMM market was predicted to be stable this week.
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- [Editor:Mike.zhang]
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