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.
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: firstname.lastname@example.org or tel:86-21-51550040