[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 at RMB12800-13000/mt (USD2065-2097/mt). Spot transaction was not good and the actual transaction price was little lower. Most traders did futures orders. In Huangpu Port, export price was USD2100-2140/mt FOB.
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 USD2360-2420/mt.
More EMM capacity would be put into production recently. Spot inventory would continue to increase. Supported by high production cost, EMM market was predicted to be stable this week.
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- [Editor:Mike.zhang]
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