POSCO lowers purchasing price of manganese flake in Sep tender-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Zinc
  • Futures movement
  • MMi Iron Ore Port Index
  • Nickel
  • Copper scrap
  • Copper
  • Aluminium
  • Stainless steel
  • Macroeconomics
  • Evening comments
  • Tin
  • Market commentary
  • Production data
  • inventory

POSCO lowers purchasing price of manganese flake in Sep tender

Price Review & Forecast 04:08:49PM Aug 14, 2019 Source:SMM

SHANGHAI, Aug 14 (SMM) – South Korean steelmaker Pohang Iron and Steel Company (POSCO) lowered the purchasing price of electrolytic manganese flake by $269-278/mt on the month to $1,590/mt on a cif basis in its latest September’s tender, SMM learned on Wednesday August 14. 

The decline was in line with expectations of domestic exporters as weak demand and excessive supply has weighed on prices of the metal since July

Procurement volume by POSCO stood at 4,180 mt, compared with 3,990 mt in its tender for August. Deliveries should be made before September 20.

Key Words:  Market commentary  Manganese 

POSCO lowers purchasing price of manganese flake in Sep tender

Price Review & Forecast 04:08:49PM Aug 14, 2019 Source:SMM

SHANGHAI, Aug 14 (SMM) – South Korean steelmaker Pohang Iron and Steel Company (POSCO) lowered the purchasing price of electrolytic manganese flake by $269-278/mt on the month to $1,590/mt on a cif basis in its latest September’s tender, SMM learned on Wednesday August 14. 

The decline was in line with expectations of domestic exporters as weak demand and excessive supply has weighed on prices of the metal since July

Procurement volume by POSCO stood at 4,180 mt, compared with 3,990 mt in its tender for August. Deliveries should be made before September 20.

Key Words:  Market commentary  Manganese