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[Minor metal] SMM Forecast - Domestic Manganese Market
SHANGHAI, Aug. 21 (SMM) -- At present, domestic refined manganese market remains neutral. The downstream purchasing interest was low, and domestic refined manganese factories became reluctant to sell goods at current traded prices. Refined manganese prices fell to RMB 14,200-14,300/mt by the end of this week.
Prices for manganese ore and other raw materials remained high, leaving little possibility for refined manganese prices to fall in the short term. Large steel mills begin delivering bids next week, which will help support refined manganese prices as well. SMM predicts domestic prices for refined manganese are expected to move upward to RMB 14,500/mt next week.
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