[The manganese prices were strong at the beginning of the week as the overseas demand has followed up] SHANGHAI, April 18(SMM)-The average spot price of domestic electrolytic manganese metal in the major producing areas was flat at 15,700-16,300 yuan/mt over the average price of last Friday, and FOB was temporarily stable around $2,550/mt compared with the average price of last Friday. On Monday, the mainstream spot price of EMM was negotiated stably around 16,000 yuan/mt compared with last week. In April, POSCO was priced at $2,470/mt, with a month-on-month decrease of nearly 56%. In terms of overseas demand in the second quarter, the procurement volume performed fairly well. In addition, SMM expects that the market price of EMM this week may be stable for the time being as the overall decline space of supplementary bidding price of individual steel mills last week was limited, and the demand was week amid the pandemic.
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