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[Minor metal] Refined Manganese Market Tends to be Quiet
SHANGHAI, May 4 (CBI China) -- Domestic refined manganese was mainly traded at RMB 12,200-12,500/mt, and the market tends to be quiet.
On the one hand, the producers have not completed the previous orders; on the other hand, the cost helped support the price. In this context, the prices of refined manganese remained stable after fell to current levels.
A trader in Dainan said all the factories signed some orders previously, and the spot prices were lower than contract prices due to weak market transactions.
The market prices were in the RMB 12,600-12,800/mt range in Ningbo, and the local factories said the downward room for spot prices was limited due to more orders and less spot goods.
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