Manganese Market Report August 2013
2013-09-17 10:07:40 【Print】
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Chinese manganese flake prices witnessed up and down further in August, while ending with an increase of RMB800/t (USD131/t) to RMB12,500-12,800/t (USD2,043-2,092/t) ex-works compared with figures seen at the end of July. Due to increased cut in supply among Chinese producers, prices moved up rapidly in mid August along with some overseas end users issuing tenders for restocking, seeing a total increase of RMB1,000/t (USD163/t) within two weeks. However, the price rebound has tempted many small and medium sized producers back to production and the increase in supply has once again driven prices downwards in late August, yet the depreciation was limited as support was shown from the Chinese domestic mills.
On the international markets, few large volume transactions happened in the Chinese manganese metal export market this month as most overseas purchasers were still on summer vacation and demand stayed weak.
On the international markets, few large volume transactions happened in the Chinese manganese metal export market this month as most overseas purchasers were still on summer vacation and demand stayed weak.
