Manganese Flake and Ore Market Report February 2014

Many manganese flake plants ceased or reduced production in early February during the Spring Festival holiday. So supply of spot goods became tight after buyers came back for purchases in mid-February, which led to prices increasing by RMB150/t (USD24/t) to RMB12,500-12,800/t (USD2,006-2,054/t), before they stabilised late in the month.Asian Metal Copyright08mtu to RMB36.Asian Metal Copyright In addition, Australian manganese ore 43-44% prices moved down by RMB0.5/mtu (USD0.08/mtu) to RMB36.Asian Metal Copyright5mtu USD5.Asian Metal Copyright5-37.5/mtu (USD5.Asian Metal Copyright So supply of spot goods became tight after buyers came back for purchases in mid-February, which led to prices increasing by RMB150t USD24t to RMB12,500-12,800t USD2,006-2,054t, before they stabilised late in the month.Asian Metal Copyright86-6.02/mtu) in China during February, due to continuing weak demand from downstream industries.