Chinese manganese alloy and ore market report Dec 2011
2012-01-05 18:35:11 【Print】
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Chinese manganese alloys market keeps generally stable this month. Spot prices have dipped further slightly, but due to the increased electricity charge, the prices hold firm and procurement prices in January also increase slightly to meet the increased operation cost of smelters . The operation rate keeps decreasing with many smelters having shut down or reduced output . Imported manganese ore market moves downwards this month with light demand and poor transactions . The price dips further caused by the decreased foreign offers and traders take a dim view of future market . The international manganese alloys market turns down slightly and the demand remains sluggish . Spot prices drop further and it is unlikely for the market to rebound in a short term.