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[Minor metal] Refined Manganese Prices Stable With Slight Rise
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Dec. 10 (CBI China) -- Due to stable prices of stainless steel, increases in purchase volume and ferromanganese prices and tight spot supply in domestic market, domestic refined manganese prices continue to rise slightly. Refined manganese current trading prices were around RMB 13,000/mt.
CBI believes that the recent refined manganese prices will remain stable. On the one hand, more stainless steel manufacturers resumed production and increased demand; On the other hand, alloy steel demand was stable and ferromanganese prices rose, which delivered support for the refined manganese market sentiment.
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