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Home / Metal News / Wuhan Steel raises May purchasing price for manganese

Wuhan Steel raises May purchasing price for manganese

Apr 25, 2019 14:09

Source:SMM

The price was up 560 yuan/mt from the purchasing tender for Apr

SHANGHAI, Apr 25 (SMM) – Wuhan Iron and Steel settled its purchasing price for manganese nodules at 14,400 yuan/mt on acceptance, including taxes and transport costs, in its May tender earlier this week.

The price was up 560 yuan/mt from the purchasing tender for April.

Spot trades continued to be done between 13,300-13,400 yuan/mt in cash, ex-factory, and overall trades were thin as demand slowed after a peak period for deliveries to steelmakers.

Traders will closely watch the prices for steelmakers’ manganese purchasing tenders for more clues.

Market commentary

Manganese

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