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Chinese manganese flake prices edge up
August 04, 2014 - 11:52 GMT
Chinese manganese flake prices have moved up slightly on tight supply in the spot market as well as on firmer purchase prices from local mills, sources said.
Mainstream transactions for the material stood at
12,500-12,600 yuan ($2,026-2,043) per tonne in the major
production hubs of Hunan, Guizhou and Chongqing on Monday
August 4. Prices are 50 yuan higher than they were on Monday
July 28. "Smelters are more willing to raise their offer prices
now, after seeing some prices increased by stainless steel
mills," a trader from Shanghai said. Offer prices are now at
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Euromoney Institutional Investor PLC.
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