SMM Survey on Manganese Market Outlook

SHANGHAI, Jan. 5 (SMM) -- Today, mainstream traded prices of EMM were in the RMB 14,500-14,600/mt range, middlemen made purchases in a small amount and downstream steel mills didn't replenish stocks.

SMM conducted a survey on future manganese market outlook at 15 EMM producers in Hunan, Xiushan and Guizhou regions. 4 EMM producers believe that any rising room of manganese prices will be limited this week and prices may jump when steel mills begin to build stock next week; 11EMM producers believe that trading volumes have increased and prices have climbed steadily day by day, and prices will not decline before the middle of January. They all believe that prices will not decline in the near future.

The optimist views are mainly attributed to tight supply of eclectic power, rising prices of ore powders and purchasing volumes from downstream steel mills before the Chinese New Year holiday.

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