Chinese export prices for electrolytic manganese metal inches rose slightly over the past week into the USD4,400-4,500/mt (FOB) range, as the earthquake in Sichuan province was found not to have had a direct influence on production. However, despite transport difficulties and problems caused by an erratic power supply in some areas, some sellers still expect the price to continue on an upward trend in the near future.
Generally speaking, high production costs rather than demand have been behind recent price rises; the prices of raw materials are increasing steadily with the sulphuric acid price breaking through RMB1,800/mt barrier, while the price of manganese carbonate powders stands at RMB1,200/mt. Nevertheless overall demand for electrolytic manganese is described as 'dull'.
Report: www.ferroalloys.com
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