[Minor metal] Domestic Manganese Prices Fluctuate at Low Levels

Dec 7, 2009 13:16

Source:SMM

SHANGHAI, Nov. 16 (SMM) -- Today, refined manganese was mainly traded at RMB 13,100/mt, with neutral market sentiment.

Alloy producers reduced purchase volumes during this week after purchased in large amount last week. A ferroalloy producer in Hunan province said the high purchasing interest by alloy producers was responsible for the upward movement for manganese prices during last week, and they only need to replenish stocks limitedly during this week.

Downstream stainless steel market remained sluggish, and purchases by stainless steel mills were limited; traders purchased on as-needed basis due to uncertain market outlook.

In general, manganese prices will move at low levels in the near term.

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[Minor metal] Domestic Manganese Prices Fluctuate at Low Levels

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