[Electrolytic Manganese] Chinese Electrolytic Manganese innovative high prices

China's production of manganese 99.7% Electrolytic Manganese prices to continue to climb, Price has reached 5,000 U.S. dollars / ton, a record high.
integrated media on June 5 reports, the industry sources, Last week (May 28-June 1) China's production of manganese 99.7% Electrolytic Manganese prices continue to rise Price also reached 5, 000 U.S. dollars / ton (FOB), a record high, while the previous April. The price of the 3, 000 U.S. dollars / ton more, in the week before the prices of the four, 500 U.S. dollars / ton around.
Huacheng colored vice president Yang Ping said Price had now reached five, 000 U.S. dollars / ton (FOB), while domestic prices have reached 30,000 yuan / ton. He believed Electrolytic Manganese price increases mainly in Europe in April increased demand, Europe in a quarter that price or, therefore, the procurement volume enough. Now, Electrolytic Manganese price has not dropped, but has risen, therefore, Europeans also deadhead market access to raw materials.
Chinese Electrolytic Manganese cent of the world's production output 97%, therefore, has a monopoly status, and the price reached a record high. China's domestic traders also confirmed a rise in prices indeed, but some said that the European prices was bad five, 200 U.S. dollars / ton (Rotterdam warehouse). Despite the higher prices, but not much cash transactions, the market is a chaos, Price also one day than the day. Prices to rise, traders were also facing the problem of non-delivery. Because of rising prices, there will always be risk shipments.
Of course, the sustained tension of manganese ore supply is tense situation also contribute to the strengthening Electrolytic Manganese prices. China has sufficient manganese ore, it had to rely on imports. China and the manganese ore mining industry has stringent environmental control requirements, therefore, China needs to import from overseas. But imports of manganese ore are still in short supply.