[Ferro-alloys.com] According to the investigation of www.ferro-alloys.com,electrolytic manganese metal (EMM) market in China showed weakness last week. In the manganese triangle area, mainstream ex-work price of manganese flake stayed at RMB12800-13000/mt (USD2065-2097/mt). But actual transaction price dropped. Many deals were made at RMB12700-12800/mt. In Huangpu Port, export price was USD2120-2160/mt FOB.
EMM market in Europe was relatively stable. According to the latest data of MB, warehouse price of 99.7% manganese flake in Rotterdam stayed at USD2290-2350/mt.
Some new capacity was put into production recently and several new projects would be completed soon. Market price was mainly supported by high production cost at present. Spot supply increased gradually and EMM market would be faced with more downturn pressure.
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- [Editor:Mike.zhang]
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