Manganese Flake and Ore Market Report October 2014
2014-11-25 14:37:50 【Print】
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Manganese flake 99.7% prices climbed RMB50/t (USD8/t) to RMB12,750-13,050/t (USD2,081-2,130/t) in the first week of trading after the Chinese National holiday, as a result of intensive purchasing on the part of both steel mills and traders, keen to make replenishments
After the national holidays, supply of Australian manganese ore was still tight on the Chinese spot market, pushing the price up by RMB0.5/mtu (USD0.08/mtu) to RMB32 . 5-33.5/mtu (USD5 . 30-5.46/mtu) . Fresh material arrived at ports gradually, but Australian manganese ore 43-44% was considered to be among the mainstream manganese ores with steadiest demand, so the price remained stable at this level while supply continued to be insufficient right up to the end of the month.