BEIJING (Asian Metal) 28 Dec 09 – Participants disclosed to Asian Metal that manganese flake price goes stable while demand from downstream consumers keeps weak and most consumers are waiting for the price to decrease with stocks on hand.
Asianmetal(English) http://www.asianmetal.com 7M6Z
A Guizhou-based manganese flake smelter, with an output of 2,000tpm, revealed to Asian Metal that current manganese flake price is RMB14,100-14,200/t (USD2,064-2,079/t) ex works and goes stable these days due to the high production cost. Demand from downstream consumers keeps weak and few inquiries are received. The source is fulfilling some orders with no stocks on hand.
Asianmetal(English) http://www.asianmetal.com 0EV5
According to the source, most smelters are in operation in local places and supply is not tight with low demand, although most smelters do not have stocks. The source claimed no inquiries from foreign overseas market are reported as the Christmas is coming, and just accept the export price of USD2,700/t FOB.
Asianmetal(English) http://www.asianmetal.com Y523
A Chongqing-based manganese flake smelter, with an output of 2,000tpm, reported to Asian Metal that manganese flake price is RMB14,100-14,200/t (USD2,064-2,079/t) ex works, he is fulfilling some orders of 1,000t signed at RMB14,400-14,500/t (USD2,108-2,123/t) ex works two weeks ago. "I heard that some smelters sell at RMB14,000/t (USD2,050/t) ex works, but I think the price will go stable in the coming days for the high cost, although only few inquires are received," said the source.
Asianmetal(English) http://www.asianmetal.com 896F
The source made a deal of more than 200t at USD2,750/t FOB last week, and no inquires from foreign customers are reported while the Christmas is coming, so he is unwilling to give an offer for the moment with no demand.
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