Electrolytic manganese sale price irks market
May 23, 2012 | 12:02 PM
| Thorsten Schier
Tags
electrolytic manganese flake,
China sale,
manganese prices,
Thorsten Schier
NEW YORK — The recent sale of a significant amount of electrolytic manganese flake in the low-$1.50-per-pound range has raised market participants’ hackles.
"Prices from China are over $1.60 per pound," one trader said, expressing surprise at the low number.
The most competitive buying prices from China are currently around the $2,920-per-tonne mark ($1.32 per pound) c.i.f Chicago, which leads to a breakeven price for the material, including financing and other costs, of around $1.62 per pound, a second trader said. "And that’s....
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