SHANGHAI, Jun. 17 (SMM) –
Manganese Ore Market:
Manganese ore prices at Chinese ports remained stable on June 17. SiMn producers maintained operating rates stable in mid-June, and lacked buying interest. Profit at most SiMn producers is extremely limited, and most market players see manganese ore prices stable in the near term. This depressed traders.
Manganese Alloy Market:
The SiMn market remained steady today. SMM survey shows tight supply in Liaoning, with some cargo holders up their quotes. But producers were unwilling to raise production on low profit.
EMM was largely offered at RMB 10,850~10,950/mt on June 17. Downstream orders decreased, though some EMM producers increased supply on rising prices. Traders mostly took a wait-and-see attitude.