Kingray New Materials Science & Technology Co , Ltd (Kingray Science) released its annual report of 2013 recently.

EMM market bounced back a little in China last week.

[Ferro-Alloys.com] In recent period, poor sale and high inventories still troubled imported manganese ore traders in China. Mn46 lumps are now tumbling at

In terms of steel mills purchase plan, Shao steel group in Guangdong area plans to increase silicon manganese purchase to 6,000 toms from average 4,000 tons in previous period, while high carbon ferromanganese remained 600 mt.

All in all, whether or not the new bidding price for steelmakers on ferromanganese purchasing can hold steady is still depend on relationship between market demand and supply.

EMM market in China was stable and procurement was all right recently.

Electrolytic manganese metal (EMM) is pure manganese metal and it should have been expensive. Unfortunately, as the industry started, many enterprises lowered price to occupy market share.

Furthermore, exchange rates fluctuation frequently also aggravates market potential risk. In fact, it is well known that Renminbi depreciation will increase production cost in importing manganese ore.