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.
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: email@example.com or tel:86-21-51550040