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Price of EMM in China Drops back
The current main price of electrolytic manganese metal (EMM) meant for domestic consumption as of December 17 is CNY13,500 - CNY13,700 per ton, down by CNY100 from the end of last week, and the export FOB price is US$1,970 to US$1,980, down by US$10 to US$20 ditto.

The market participants provide such reasons for a price drop as (1) Actual demand is still weak, (2) Panic buying due to anxiety about short supply slowed down, (3) Production in Hunan and Guizhou went up and (4) POSCO, South Korea finished tender for January delivery and the inquiries from the overseas trading firms got reduced.

However, the producer's offer to the inquiry from the trading firm remains to be at a low level, and such situation as it is difficult to secure the substantial quantity of especially a scale of a few hundred of tons is still going on.
last modified : Tue 25 Dec, 2018 [10:40]
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