[Minor metal] Both Supply and Demand of Refined Manganese Market were Weak

Dec 7, 2009 13:16

Source:SMM

SHANGHAI, Jan. 8 (CBI China) -- Domestic manganese powder prices increased, the price to factory of ore fines was RMB 850/mt, the cost of refined manganese manufacturers rose to RMB 13,500/mt.

It is learned that the current supply and demand in the domestic market were weak. On the one hand, the downstream small and medium-sized stainless steel mills suspended production, leading demand declines; On the other hand, more mines suspended production and prices rose, the cost of manufacturers remained in a high level.

CBI believes that the market will be in a deadlock with slight fluctuations in prices in the near future.

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[Minor metal] Both Supply and Demand of Refined Manganese Market were Weak

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