[Ferro-alloys.com]According to the investigation of www.ferro-alloys.com, electrolytic manganese metal (EMM) market in China went downward again recently. In the manganese triangle area, mainstream ex-work price of manganese flake decreased to RMB 12000-12200/mt (USD1935-1968/mt).
As more EMM capacity was released recently, spot supply was abundant. Some stainless steel mills stopped production for maintenance recently and reduced procurement of EMM. Therefore, oversupply was more severe.
Many EMM manufacturers were forced to lower offers under inventory pressure. Many enterprises were in loss at present and EMM market might be faced with more downturn pressure.
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- [Editor:Mike.zhang]
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