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EMM Price in China Drops Slightly
= Due to drop in price of imported manganese ore and excessive stock at port =
The main price of electrolytic manganese metal (EMM) in the Chinese domestic market as of February 13 is CNY12,800 - CNY13,000 per ton, down by CNY100 from the end of January. The offer price (FOB) for export is also down by US$10 - US$15 ditto.

The EMM price rebounded in the middle of January when the Chinese New Year holidays were near at hand, and stopped moving before and after holidays, but the feeling of anticipation of a price fall became enhanced for such factors as (1) The price of imported manganese ore continues dropping, (2) The port stock of imported manganese ore marked a new record high since August 2015 and (3) The price of selenium dioxide dropped after the turn of Chinese New Year, and there is a strong expectation of a price fall.

However, the price of indigenous manganese carbonate ore used by many of the producers in China as raw materials stopped declining in the middle of January and still continues to remain unchanged, which is one of resistance factors to a drop in the price of EMM.
last modified : Mon 20 Feb, 2017 [14:27]
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