Manganese Flake and Ore Market Report March 2014
2014-05-04 09:17:04 【Print】
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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
. Meanwhile, demand for imported manganese ore failed to show any signs of rebounding in March, with abundant supply at China’s main ports . As a result, Australian manganese ore 43-44% prices moved down by RMB1.5/mtu (USD0.2/mtu) to RMB35-36/mtu (USD5 . 6-5.7/mtu) during the month.