Electrolytic Manganese Metal Market Review Weekly (11.15-11.19): Large plants offer firm prices, wide market price gap

[Ferro-Alloys.com]: This week, Chinese domestic market price of electrolytic manganese metal fell. At present, the ex-work price include value added tax (VAT) was RMB 41,000 to 42,000 /mt in southern areas such as Hunan, Chongqing, Guangxi and Guizhou province and the northern large plants offer RMB 46,000 /mt. While the Chinese domestic export price was USD6650-6750 /mt FOB.

Quotation statistics of 99.7% manufacturers of electrolytic manganese tablets in main domestic production areas this week

                                                                                            Unit: 10,000 yuan / mt ex-work price include value added tax (VAT)

Recently, the bidding price of electrolytic manganese metal of POSCO fell in November，the actual purchase quantity was only 855 tons. The price quotation of large manganese electrolytic plants was strong, while some small plants and traders offer low prices to make profits. At present, the electrolytic manganese plants in some areas still have not resumed and the output was relatively low, while the market demand for electrolytic manganese metal has not increased either. The later trend of electrolytic manganese metal is still watching, there is still a possibility of falling in the coming days.

• [Editor:Alakay]