Manganese price to stay supported with limited supply

‍‍‍‍Manganese price are likely to stay supported as spot supply remained tight following the production cuts of major plants in north China at the end of December.

Offers are heard at 11,800.00-12,000.00CNY/MT as of today, with sellers reluctant to make compromises on prices amid more enquiries, we learned.

While some mills have gradually resumed their operations, spot supply remained limited.

Large plants in Ningxia province are mainly focused on executing long-term contracts with little material available for the spot market. Plants in Xinjiang, on the other hand, are only expected to resume operations after Chinese New Year, we learned.

In Guizhou, output has been unstable due to power rationing measures. Some companies were forced to cut or shut production as the situation may continue till Chinese New Year.

Manganese ore mines in Huayuan County in Hunan province were still in suspensions and such shortage of raw materials left plants in the region with lower output.

‍