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Weak Sentiment Pulls China’s Manganese Alloy Prices Down
Feb. 18, 2014 09:53AM PST
Battery Metals Investing
MetalBulletin reported that spot prices for silico-manganese and ferro-manganese in China have been on a downward trend for the last week as many smelters have slashed their prices in response to lower offers from steel mills.
MetalBulletin reported that spot prices for silico-manganese and ferro-manganese in China have been on a downward trend for the last week as many smelters have slashed their prices in response to lower offers from steel mills.
According to the publication:
On Friday February 14, domestic spot prices for silico-manganese were in the range of 6,500-6,800 yuan ($1,065-1,115) per tonne, while ferro-manganese stood at 5,800-6,000 yuan per tonne, both down 100-200 yuan per tonne from previous levels.
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