Magang lowers manganese purchasing price

Published: Dec 6, 2018 14:35

Save

Magang settled the purchasing price of manganese flake for its Dec tender at 13,350 yuan/mt

SHANGHAI, Dec 6 (SMM) – Anhui steelmaker Maanshan Iron & Steel, also known as Magang, settled the purchasing price of manganese flake for its December tender at 13,350 yuan/mt earlier this week, SMM learned.

This is 16.3%, or 2,600 yuan/mt, lower than its November tender. The price would be paid in acceptance and includes transport costs and tax.

Procurement volume for Magang’s December tender stood at 660 mt.

Earlier this week, Hebei Iron and Steel Group (HBIS Group), also known as Hesteel Group or Hegang, also settled its purchasing prices of manganese flake and manganese metal ingot for its December tender at 13,440 yuan/mt and 14,060 yuan/mt, respectively, tender fee included.

Excluding tender fee, the prices came in at 12,900 yuan/mt for manganese flake with procurement volume of 800 mt, and 13,500 yuan/mt for manganese metal ingot with procurement volume of 1,530 mt.

The price would be paid in acceptance and includes transport costs and tax.

Manganese

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 hours ago

Silicon Metal Market Review for January and Outlook for February

In January, the silicon metal market experienced a relatively loose supply-demand balance, with a theoretical inventory buildup of approximately 30,000 mt. In February, both supply and demand contracted simultaneously, and the market is expected to show a tight balance or minor destocking. The current high industry inventory still requires time to be digested, and the sustainability of destocking remains a key variable affecting price trends and market sentiment.

19 hours ago

23 hours ago

A plant in northern China is calling for bids for indium ingots and bismuth ingots

SMM, February 6 - According to SMM’s investigation of market information, a large smelter in northern China began public bidding for a certain quantity of indium ingots and bismuth ingots starting yesterday. Market sources indicate that the starting price for these indium ingots exceeds 4,000 yuan per kilogram, while the starting price for bismuth ingots is above 150,000 yuan per ton. The bidding results are expected to be announced before the Spring Festival. Market participants note that, given the clear trend of sluggish trading activity ahead of the Spring Festival, the timing of this bidding is not ideal. However, the relatively favorable starting prices have generated considerable market anticipation for the outcome of the bidding.

23 hours ago

Feb 5, 2026 19:18

[SMM Analysis] Futures Lack Momentum to Rise Further, Pre-Holiday Demand Stalls, and Stainless Steel Social Inventory Accumulation Intensifies

Feb 5, 2026 19:18