SHANGHAI, Apr 24 (SMM) – Prices of electrolytic manganese across the Chinese markets held steady on Wednesday as demand slowed after a peak period for deliveries to steelmakers.
Spot trades were done between 13,300-13,400 yuan/mt in cash, ex-factory, and this was barely changed from Tuesday.
Some market participants expect spot manganese prices to remain rangebound in the short run.
Traded prices for cargoes that would be delivered next month came in to be relatively low, which reflects concerns about demand.
SMM assessments showed that the average price of electrolytic manganese across major production areas stood at 13,300-13,400 yuan/mt today, flat with the previous day.