Manganese Flake and Ore Market Report March 2014

Affected by a decrease in purchasing quantities and transaction prices at Chinese domestic steel mills, as well as increased operating rates, manganese flake prices dropped from RMB12,500-12,800/t (USD1,988-2,035/t) at the beginning of March to RMB11,750-12,050/t (USD1,868-1,916/t) at the end of the month in China. Participants were pessimistic about the future market.Asian Metal Copyright7mtu during the month.Asian Metal Copyright Meanwhile, demand for imported manganese ore failed to show any signs of rebounding in March, with abundant supply at China’s main ports.Asian Metal Copyright7mtu during the month.Asian Metal Copyright As a result, Australian manganese ore 43-44% prices moved down by RMB1.5/mtu (USD0.2/mtu) to RMB35-36/mtu (USD5.Asian Metal CopyrightAffected by a decrease in purchasing quantities and transaction prices at Chinese domestic steel mills, as well as increased operating rates, manganese flake prices dropped from RMB12,500-12,800t USD1,988-2,035t at the beginning of March to RMB11,750-12,050t USD1,868-1,916t at the end of the month in China.Asian Metal Copyright6-5.7/mtu) during the month.