China's nisco cuts april Mn purchase price

摘要

Chinese manganese consumer Nanjing Iron and Steel (Nisco) has lowered its tender purchase price for April delivery amid lower spot prices. Nisco has cut its tender price for manganese lump 97pc grade to 11,200 yuan/t ($1,580/t) on a delivered basis and paid by acceptance bill, down by Yn2,280/t from a tender it issued in mid-February. The tender amount is unchanged at 1,500t.