Manganese Market Report October 2011
2011-11-09 14:42:10 【Print】
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The prices of electrolytic manganese decreased by RMB1,200/t (USD187/t) from RMB18,700-18,800/t (USD2,804-2,819/t) ex works to RMB17,400-17,500/t (USD2,609-2,624/t) ex works. Most producers said that the price was close to production cost and it even below the cost for some small mills without mines. As the credit was tight, downstream steel industries continuously reduced production, which directly led to a weak demand of electrolytic manganese. It is expected that the utilization capacity will reduce in November, but the price is difficult to rebound.
