Instead of DSO, GMC should be starting to produce EMM electrolytic manganese metal. While MC FeMn goes down in price EMM is shooting to the roof, up US$660 in a week.
"The export FOB price is US$2,920 - US$2,970, up by US$660 - US$690 ditto, and some traders submit an offer price exceeding US$3,000 as August shipment. "
Column 1
0
EMM Price in China Again Shows Rising Momentum
1
= Production is cut in multiple production areas, and some forecast says price will rise above CNY20,000 shortly =
2
As of July 24, the current main price of electrolytic manganese metal for domestic consumption in the Chinese domestic market is CNY19,000 - CNY19,200 per ton, up by CNY4,500 - CNY4,600 from the end of last month, and marked a new record high for the year. It becomes not uncommon that the price rises by CNY200 - CNY300 in one day, which causes a skyrocketing market. The market participants see the price has a likelihood of rising above CNY20,000 in the near future.The export FOB price is US$2,920 - US$2,970, up by US$660 - US$690 ditto, and some traders submit an offer price exceeding US$3,000 as August shipment
GMC Price at posting:
1.1¢ Sentiment: Sell Disclosure: Not Held
