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[Minor metal] Manganese Prices Strong, Spot Resources Tight
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Nov. 27 (CBI China) -- Domestic electrolytic manganese mainstream transaction price remained at 11,800 yuan / ton or so, spot resources with low-cost were rarely seen and manufacturers were reluctant to sell .
A trader from Hunan said: "The transaction price was 11,500 yuan / ton last time, but these days the offer has raised and the goods were running out. We will not purchase if the price was over 11800 yuan/ ton."
A factory from Chongqing said their orders are filled with production depending on demand and make sure the price is stable as far as possible.
A steel mill from Ningbo said that the difficulty of procurement has recently increased, and manufacturers were reluctant to sell in general.
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