Chinese manganese market holds stable as traders await steel mills’ tenders

‍‍Manganese prices in the Chinese market held steady on Wednesday September 19th as producers made mixed offers.

Transactions were mostly heard at 17,800-18,000 CNY/MT, ex-factory.

Some producers are keen to offload their cargoes to recover their funds while some held offers firm as they had sufficient orders and as they had limited finished goods stocks.

The market waits to take some guidance from steel mills’ purchasing prices for their tenders.

Separately, data from the Customs showed that China exported 35,600 MT of manganese in August, up 3% from July.

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