[Ferro-alloys.com] According to the investigation of www.ferro-alloys.com,electrolytic manganese metal (EMM) market in China went upward slight last week. In the manganese triangle area, mainstream ex-work price of manganese flake rose from RMB11800-12000/mt (USD1903-1935/mt) to RMB11900-12100/mt (USD1919-1952/mt), up 100/mt. In Huangpu Port, export price was USD2030-2070/mt FOB.
As comprehensive cost for most manufacturers was above RMB11900/mt, they were reluctant to sell at lower price. Meanwhile, market purchase would increase as late September approached, so market confidence improved.
Selenium dioxide (SeO2) market was still weak. Mainstream ex-work price of 98% SeO2 stayed below RMB 210/kg. The main use of selenium dioxide was still in EMM industry at present.
Current price dropped by RMB900/mt year-on-year and many manufacturers were in loss. Market price nearly touched bottom and it was likely to keep stable supported by rigid cost.
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- [Editor:Mike.zhang]
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