The most-traded January silico-manganese contract on the Zhengzhou Commodity Exchange hit an all-time high of 11,898 yuan ($1,840) per tonne on Thursday September 23. This is up by 35.51% from the intra-day high of 8,780 yuan per tonne on September 1. The contract then declined by 10.20% on September 24 to close at 10,684 yuan per tonne.
The record-breaking futures prices have caused spot prices to jump. There has been very limited spot availability after producers delivered their cargoes to steel mills to fulfill long-term contracts, or to the exchange at prices they previously locked in, participants told Fastmarkets.
Fastmarkets’ weekly...
Read Full Story: https://www.metalbulletin.com/Article/4009399/Latest-news/Manganese-resellers-try-to-raise-prices-alloy-markets-soar.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
