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Price of EMM in China Continues Dropping
The current main price of electrolytic manganese metal (EMM) meant for domestic consumption as of December 3 is CNY12,300 - CNY12,500 per ton, down by CNY100 to CNY200 from the end of last month, and the export FOB price is US$1,790 to US$1,820, down by US$20 ditto.

The market participants enhance a sense of an anticipation of a price fall for such reasons as (1) Forecast flew into the market at the end of last week that the resumption of operation would be approved additionally for manganese mines in Songtao County, Guizhou, (2) Price of manganese-containing stainless steel (200 series) is cheap, (3) Purchase volume for December delivery by stainless steel mills is small and (4) Price of sulfuric acid as raw materials comes down.
last modified : Mon 10 Dec, 2018 [10:46]
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