SHANGHAI, Oct. 28 (SMM) –
Electrolytic manganese metal (EMM) prices in China dropped from RMB 12,800-12,900/mt early last week to RMB 12,600-12,700/mt, dragged down by flagging demand. However, the price decline was seen limited due to cost support and slight growth in supply.
Slackening demand and growing supply will weigh EMM prices down, but any decline will be contained by cost support. SMM thus expects EMM prices to fall slightly to RMB 12,500/mt this coming week.