According to customs statistics released in China, the country exported 37,000 tonnes of electrolytic manganese metal, a decrease of 42.3% YoY compared with the same quarter of 2008. Exports to Japan were 6,916 tonnes, a decrease of46.3% compared with same quarter of 2008.
Exports to South Korea were 10,803 tonnes an increase of 12% compared with the same quarter of 2008. Exports to Europe were 10,858 tonnes, a decrease of 50%.
The unit price of exports of Chinese electrolytic manganese metal in Q1 averaged USD 2,505 per tonne FOB, a fall of 17.7% from the same quarter of 2008. The cost to produce electrolytic manganese metal in China is estimated to be CNY 12,800 to CNY 13,000 per tonne and when various charges as export duty, inland transportation, etc are added, the export cost on an FOB basis is USD 2,500 per tonne.
Source: Steel Guru/Tex Report
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