Manganese Flake Market Report May 2015

As Chinese domestic steel mills continued to cut down on purchases for manganese metals in May, the prevailing price of manganese flake 99.7% fell into RMB9,900-10,200/t (USD1,597-1,645/t) in the first half of May, breaking the lowest level since 2008.Asian Metal Copyright But the supply was tightening in the second half of the month, driving the price up to RMB10,100-10,400t USD1,629-1,677t, which still witnessed a decrease of RMB400t USD65t compared with the beginning of May.Asian Metal Copyright More plants suspended production in South China due to losses, including those which resumed production in April. But the supply was tightening in the second half of the month, driving the price up to RMB10,100-10,400/t (USD1,629-1,677/t), which still witnessed a decrease of RMB400/t (USD65/t) compared with the beginning of May.