[Minor metal] SMM Forecast - Domestic Manganese Market

SHANGHAI, Sept. 11 (SMM) -- Downstream demand remained stable recently. Market supply will decline after traders sold off a portion of cargos, since selenium imports during August plummeted; MB prices will help support domestic selenium prices. Selenium prices will move around current prices and should find support at RMB 500/kg, with limited downward room.
&nbsp;&nbsp;&nbsp; Refined manganese producers will likely cut production due to weak demand, and the demand for selenium dioxide will drop as well. The costs for selenium dioxide in the market were relatively higher, limiting any downward room. Next week, selenium dioxide will be traded at RMB 380-400/kg.
&nbsp;
Copyright &copy; 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: <a href="mailto:metalresearch@cbichina.com">metalresearch@cbichina.com</a> or tel:86-21-51550040