European manganese break the 3,000 dollars per ton high consumption of commercial conflict

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 17, 2010 -- In the strong demand and China's electrolytic manganese market continues to support high prices, the past week, the European manganese spot prices continued to rise,tantalum , the current already exceeded 3,000 U.S. dollars / ton.
In order to achieve the Eleventh Five energy-saving emission reduction targets, the current number of metal companies in China were forced to stop production, impose restrictions on electricity policy, environmental investigation and manganese industry is also based on the reasons for significant damage to production, prices on red.

Rotterdam market, the current prices have risen to 2,950-3,150 manganese dollars / ton, before the price 2,840-2,870 U.S. dollars / ton, after following the October 2008 high, when the electrolytic manganese prices at USD 3,200 / ton.

However,tantalum supplier, despite the export of Chinese exporters have reported up to 3,300-3,500 FOB U.S. dollars / ton, the European consumer business for more than 3,000 U.S. dollars / ton price is still more conflict.

A European trader said: "We want prices not less than USD 3,000 / ton,tantalum wholesaler , but the consumer business is still relatively inconsistent, and the current global demand for manganese is better than the Mn film. We hope that Europe can gain a further point on the electrolytic manganese prices . However, the consumer business to meet demand after the recent market may retreat, the price of red 3,500 U.S. dollars / ton, or difficult. "

Another trader said: "I think the National Day will be relaxed after the policy side, the power supply resumed, producers will increase production again, will again appear cheap."
Current due to supply shortage, manganese block price is higher than the Mn films were 200 U.S. dollars, while the manganese volatile global prices, and in a few weeks ago, the ball than the Mn Mn piece premium has been opened.
Source: http://www.mhcmm.com

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