[Minor metal] Refined Manganese Market Remains Stable

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.

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