[Ferro-alloys.com] According to the investigation of www.ferro-alloys.com,electrolytic manganese metal (EMM) market in China was stable last week. In the manganese triangle area, mainstream ex-work price of manganese flake stayed above RMB12800/mt (USD2065/mt). In Huangpu Port, export price was USD2100-2140/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.
EMM market in Europe was also stable. According to the latest data of MB, warehouse price of 99.7% manganese flake in Rotterdam stayed at USD2350-2410/mt.
More EMM capacity would be put into production recently. Spot inventory would continue to increase. EMM market was predicted to be stable this week.
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- [Editor:Mike.zhang]
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