[Ferro-alloys.com] According to the investigation of www.ferro-alloys.com,electrolytic manganese metal (EMM) market was stable after Spring Festival in China. In the manganese triangle area, mainstream ex-work price of manganese flake stayed at RMB11900-12100/mt (USD1919-1952/mt). In Huangpu Port, export price was still USD2000-2040/mt FOB.
As comprehensive cost for most manufacturers was above RMB11900/mt, they were reluctant to sell at lower price. There was little transaction as Spring Festival just ended.
Current price dropped by RMB700/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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