[Minor metal] Guizhou and Guangxi Governments to Raise Electricity Price in Late November

SHANGHAI, Nov. 4 (SMM) -- Today, mainstream offers for refined manganese are RMB 12,900-13,000/mt, and the wait-and-see attitude dominated most traders; downstream iron alloy producers purchased limitedly due to lower prices.

    Sources report that Guizhou government will raise the electricity prices by RMB 0.04/kWh from current levels of RMB 0.43/kWh from November 21st; while Guangxi government will lift the electricity prices by RMB 0.01-0.08/kWh from current levels of RMB 0.48-0.51/kWh in late November. More manganese producers will suspend production in mid-November if manganese prices continue to slide.

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040