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[Minor metal] Manganese Producers Keep Offers Firm
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Nov. 24 (SMM) -- Today, mainstream offers for refined manganese were RMB 13,600/mt.
Manganese producers kept offers firm due to rising raw materials prices. A manganese producer in Hunan province said production costs have risen by nearly RMB 700/mt, as prices for manganese ore powder (16%) increased by RMB 40/mt, and prices of electric power increased as well. They also said trading volumes were limited despite of increasing downstream inquiries, as most of them were waiting for a clear market direction.
In other news, traders in Ningbo and Dainan also said current traded prices were RMB 13,550-13,600/mt, and most traders only purchased on as-needed basis given current tight spot supply and high prices.
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