Chinese manganese alloy and ore market report Oct 2011
2011-11-28 17:49:53 【Print】
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Chinese manganese alloys market keeps downward greatly this month. After the National Days, power rationing has been cancelled gradually in southern China, except for Yunnan Province and the operation rate has been greatly resumed . Spot material supply becomes sort of abundant, which contributes to a great fall in prices . Demand from steel mills has also dipped further . Imported manganese ore market remains sluggish due to a still sluggish demand from downstream market . The price has declined further slightly and some traders have to sell the materials at lower prices in order to withdraw money . The international manganese alloys market keeps generally stable but the demand remains sluggish and it is hard for the market to rebound.