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Zhangjiagang Pohang purchases manganese ingot at 13,860 yuan/mt in Dec tender
The price includes tax and transportation, and payments will be made in acceptance
SHANGHAI, Nov 20 (SMM) – Zhangjiagang Pohang Stainless Steel, a subsidiary of South Korean steelmaker POSCO, settled its purchasing price of manganese ingot for its December tender at 13,860 yuan/mt earlier this week, SMM learned.
The price includes tax and transportation, and payments will be made in acceptance.
This equates to manganese flake price of 12,750 yuan/mt in cash, excluding transportation costs.
The procurement volume stood at 180 mt.
SMM assessments showed that manganese prices across major Chinese production areas averaged 12,750 yuan/mt as of Monday November 19, down 24% or 4,050 yuan/mt from a month ago.
Manganese
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