SHANGHAI, Jan. 4 (CBI China) -- Domestic refined manganese prices continue to remain at RMB 13,700/mt, mostly of manufacturers had orders, cash transactions were scarce.
A factory in Hunan said: "We signed a order with prices at RMB 13000/mt last month, and had no spot goods."
A trader in Ningbo said that they did not intend to purchase a large number of goods at current prices and would remain low inventory with a wait-and-see attitude due to large changes in market as Spring Festival approaches.
CBI believes that the refined manganese prices may fluctuate slightly in the near future, and transaction was a main factor behind the trend of refined manganese. The ex-works prices of refined manganese are expected to fluctuate in the RMB 13000-13800/mt range in early January.
Copyright © 2008, 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