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EMM Price in China Continues Dropping Slightly
= Due to customers' weak buying motivation =
The main price of electrolytic manganese metal (EMM) in the Chinese domestic market as of February 22 is CNY12,600 - CNY12,750 per ton, down by CNY300 - CNY350 from the end of January. The offer price (FOB) for export is also down by US$55 - US$60 ditto.

The EMM price continues dropping slightly after the turn of Chinese New Year, and such reasons are provided as (1) The customers' buying motivation is weak because they have ample in-hand stocks after Chinese New Year holidays were over, and the movement to buy cargoes as February shipment was slow, (2) The port stock of imported manganese ore exceeded 3.3 million tons on February 17 and (3) The price of imported manganese ore as March shipment also dropped.

The price of indigenous manganese carbonate ore used by many of the producers in China as raw materials becomes stable, but the there is a strong expectation of a price fall in the market.
last modified : Wed 01 Mar, 2017 [10:21]
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