Chinese manganese flake market goes sluggish

Participants reported that while domestic manganese flake price is still on the decrease, and consumers are more hesitant to replenish stock, manganese flake market goes sluggish these days.Asian Metal Copyright Offering USD2,850-2,900t FOB for manganese flake, he claimed it is difficult for foreign consumers to accept the price to buy at the moment.Asian Metal Copyright At the same time, the demand from stainless steel market decreases, and selenium dioxide price drops a bit continuously.Asian Metal Copyright According to the source, there are not many materials available in spot market now, while the manganese ore supply keeps tight with the rainy season coming, and he only holds little stock on hand.Asian Metal Copyright

A manganese flake smelter in Chongqing, with an output of about 600tpm, disclosed to Asian Metal that he made a deal of 20t with a trader at RMB15,000/t (USD2,196/t) ex works on Wednesday, and the trading volume is very small.Asian Metal Copyright At the same time, the demand from stainless steel market decreases, and selenium dioxide price drops a bit continuously.Asian Metal Copyright "Manganese flake price moves down continuously by RMB100/t (USD15/t) compared with that early this week, and it will continue to go down in the coming days for the weak demand from downstream consumers," shared the source.Asian Metal Copyright "Consumers are unwilling to accept the offer for now, and few smelters start to sell at about RMB15,000t USD2,196t ex works, which does not stimulate buyers to purchase actively," said the source.Asian Metal Copyright

Talking of the demand for manganese flake, the source complained that only few inquiries are received these days, and the trading volume is decreasing.Asian Metal CopyrightBEIJING Asian Metal 20 May 10 - Participants reported that while domestic manganese flake price is still on the decrease, and consumers are more hesitant to replenish stock, manganese flake market goes sluggish these days.Asian Metal Copyright Very few consumers are active to replenish stock for now, and most of them are more hesitant to buy for the moment.Asian Metal Copyright According to the source, there are not many materials available in spot market now, while the manganese ore supply keeps tight with the rainy season coming, and he only holds little stock on hand.Asian Metal Copyright

Another Hunan-based manganese smelter, with an  output of about 1,500tpm, shared with Asian Metal that he is only fulfilling some orders signed early this month, and does not make any deals this week, offering RMB15,100/t (USD2,211/t) ex works for manganese flake for now.Asian Metal Copyright Offering USD2,850-2,900t FOB for manganese flake, he claimed it is difficult for foreign consumers to accept the price to buy at the moment.Asian Metal Copyright "Consumers are unwilling to accept the offer for now, and few smelters start to sell at about RMB15,000/t (USD2,196/t) ex works, which does not stimulate buyers to purchase actively," said the source.Asian Metal Copyright "Manganese flake price moves down continuously by RMB100t USD15t compared with that early this week, and it will continue to go down in the coming days for the weak demand from downstream consumers," shared the source.Asian Metal Copyright
 
According to the source, there are not many materials available in spot market now, while the manganese ore supply keeps tight with the rainy season coming, and he only holds little stock on hand.Asian Metal Copyright .Asian Metal Copyright Offering USD2,850-2,900/t FOB for manganese flake, he claimed it is difficult for foreign consumers to accept the price to buy at the moment.Asian Metal Copyright Very few consumers are active to replenish stock for now, and most of them are more hesitant to buy for the moment.Asian Metal Copyright

Medium carbon ferromanganese prices expected to go down

Medium carbon ferromanganese market remains soft at present, and not many buying activities reported from some active market participants, but medium carbon ferromanganese prices temporarily keep at current level.Asian Metal Copyright With about 1,500t of the material in stock now, the smelter expressed the soft demand with few enquires from the dealers.Asian Metal Copyright

With an output of 3,000tpm of medium carbon ferromanganese 75%, C 2.Asian Metal Copyright With a trading volume of 2,000tpm of medium carbon ferromanganese 78%, C 1.Asian Metal Copyright0%max, a smelter in Yunnan sold 1,000t of the material to steel mills in South China at RMB11,250/t(USD1,648/t) ex works on Monday.Asian Metal Copyright "Although medium carbon ferromanganese prices remain firm at present, I think the price will go down a little in view of soft demand from end-users," said the source.Asian Metal Copyright The price kept stable at this level for two weeks.Asian Metal Copyright The price kept stable at this level for two weeks.Asian Metal Copyright With about 1,500t of the material in stock now, the smelter expressed the soft demand with few enquires from the dealers.Asian Metal Copyright With an output of 3,000tpm of medium carbon ferromanganese 75%, C 2.Asian Metal Copyright

"Although medium carbon ferromanganese prices remain firm at present, I think the price will go down a little in view of soft demand from end-users," said the source.Asian Metal Copyright "We will stop replenishing the material, and take a wait-and-see attitude towards the future market.Asian Metal Copyright

With a trading volume of 2,000tpm of medium carbon ferromanganese 78%, C 1.Asian Metal CopyrightBEIJING Asian Metal 19 May 10 – Medium carbon ferromanganese market remains soft at present, and not many buying activities reported from some active market participants, but medium carbon ferromanganese prices temporarily keep at current level.Asian Metal Copyright5%max, a trader in Hunan purchased 600t of the material from some suppliers at RMB12,300/t(USD1,802/t) ex works last Friday, and the price has kept stable at this level for one week.Asian Metal Copyright The trader exposed that the medium carbon manganese prices still stand at high level, so they have already decreased purchase volume due to the sluggish demand.Asian Metal Copyright Actually the dealer still has 800t of the material in stock.Asian Metal Copyright "Although medium carbon ferromanganese prices remain firm at present, I think the price will go down a little in view of soft demand from end-users," said the source.Asian Metal Copyright The trader exposed that the medium carbon manganese prices still stand at high level, so they have already decreased purchase volume due to the sluggish demand.Asian Metal Copyright The price kept stable at this level for two weeks.Asian Metal Copyright

"We will stop replenishing the material, and take a wait-and-see attitude towards the future market.Asian Metal Copyright With an output of 3,000tpm of medium carbon ferromanganese 75%, C 2.Asian Metal Copyright As there is no indication that this situation will become better, so I think medium carbon ferromanganese prices will fall down," said the source.Asian Metal Copyright Actually the dealer still has 800t of the material in stock.

Magnesium ingot price continues falling

Magnesium ingot market continued softening in past couple of days with prices keeping falling.Asian Metal Copyright Other than the fact that some smelters liquidate stocks, the price drop of some steel products as well as nonferrous metals is also considered as the key reason for the decrease of magnesium ingot price.Asian Metal Copyright Other than the fact that some smelters liquidate stocks, the price drop of some steel products as well as nonferrous metals is also considered as the key reason for the decrease of magnesium ingot price.Asian Metal Copyright He said, "We heard that some magnesium ingot producers in Fugu started selling the material at RMB15,900t ex works from Sunday, so we decide to wait for a few days before we replenish stocks.Asian Metal Copyright

A Shanxi-based magnesium ingot producer reported no business in recent one week.Asian Metal Copyright A Shanxi-based magnesium ingot producer reported no business in recent one week.Asian Metal Copyright Although the source has decreased the offer to RMB16,250/t (USD2,379/t) ex works from RMB16,400/t (USD2,401/t) ex works seen one week ago, buyers are still not interested in placing orders.Asian Metal Copyright Considering that the market is unlikely to improve in a short time, the source plans to conduct sales according to the market price but not store up materials.Asian Metal Copyright "We heard that some smelters in Shanxi sold magnesium ingot at RMB16,200/t ex works during the weekend.Asian Metal Copyright Considering that the market is unlikely to improve in a short time, the source plans to conduct sales according to the market price but not store up materials.Asian Metal Copyright We're willing to sell at the same price if there are orders, but what makes us depressed is that there are not buyers at all," said the source.Asian Metal Copyright Although the National Development and Reform Commission announced to remove preferential electricity prices for energy intensive industries such as electrolytic aluminum and ferroalloy.Asian Metal Copyright

The source said that most buyers are sitting out of the market watching the future trend when the price is going down and thus demand both domestically and overseas is very weak.Asian Metal Copyright "The Fugu producer has a certain amount of magnesium ingot in stock so they are eager to sell the material," said the magnesium alloy producer.Asian Metal Copyright

The smelter owns a production capacity of 10,000tpy but is only running at half of the capacity owing to weak demand.Asian Metal Copyright Besides liquidation, the price decrease of steel and nonferrous metals also casts shadows on magnesium market.Asian Metal Copyright Considering that the market is unlikely to improve in a short time, the source plans to conduct sales according to the market price but not store up materials.Asian Metal Copyright Besides liquidation, the price decrease of steel and nonferrous metals also casts shadows on magnesium market.Asian Metal Copyright

A magnesium alloy producer located in Shanxi bought around 30t of magnesium ingot without acid treatment and package at RMB16,000/t (USD2,343/t) ex works from a producer in Fugu, Shaanxi.Asian Metal Copyright A Shanxi-based magnesium ingot producer reported no business in recent one week.Asian Metal Copyright "The Fugu producer has a certain amount of magnesium ingot in stock so they are eager to sell the material," said the magnesium alloy producer.Asian Metal Copyright Besides liquidation, the price decrease of steel and nonferrous metals also casts shadows on magnesium market.Asian Metal Copyright

The source who reported that magnesium alloy market is also sluggish is cautious in purchasing magnesium ingot.Asian Metal Copyright We're willing to sell at the same price if there are orders, but what makes us depressed is that there are not buyers at all," said the source.Asian Metal Copyright He said, "We heard that some magnesium ingot producers in Fugu started selling the material at RMB15,900/t ex works from Sunday, so we decide to wait for a few days before we replenish stocks.Asian Metal Copyright Euro hits record low on fears that debt crisis will spread in the west; further strengthening of the dollar, triggered by sell-offs of the euro, might possibly push oil prices lower.Asian Metal Copyright"

A Shaanxi-based trader confirmed that that the magnesium ingot price experienced a great decrease over the past three days.Asian Metal Copyright The source said that most buyers are sitting out of the market watching the future trend when the price is going down and thus demand both domestically and overseas is very weak.Asian Metal Copyright Some small to medium-sized producers in Shaanxi began selling magnesium ingot at RMB15,850-15,900/t (USD2,321-2,328/t) ex works, which leave those large-sized producers who put their offers at RMB16,000-16,100/t (USD2,343-2,357/t) ex works more diffcult to conduct sales.Asian Metal Copyright We're willing to sell at the same price if there are orders, but what makes us depressed is that there are not buyers at all," said the source.Asian Metal Copyright

Besides liquidation, the price decrease of steel and nonferrous metals also casts shadows on magnesium market.Asian Metal Copyright Euro hits record low on fears that debt crisis will spread in the west; further strengthening of the dollar, triggered by sell-offs of the euro, might possibly push oil prices lower.Asian Metal Copyright Euro hits record low on fears that debt crisis will spread in the west; further strengthening of the dollar, triggered by sell-offs of the euro, might possibly push oil prices lower.Asian Metal Copyright Considering that the market is unlikely to improve in a short time, the source plans to conduct sales according to the market price but not store up materials.Asian Metal Copyright According to Asian Metal's latest news, aluminium ingot price drops by as much as RMB360/t (USD53/t) to RMB14,950-15,000/t (USD2,189-2,196/t) today.Asian Metal Copyright However, the news has done little help to stop ferrosilicon price from going down further.Asian Metal Copyright

Although the National Development and Reform Commission announced to remove preferential electricity prices for energy intensive industries such as electrolytic aluminum and ferroalloy.Asian Metal Copyright Considering that the market is unlikely to improve in a short time, the source plans to conduct sales according to the market price but not store up materials.Asian Metal Copyright However, the news has done little help to stop ferrosilicon price from going down further.Asian Metal Copyright Other than the fact that some smelters liquidate stocks, the price drop of some steel products as well as nonferrous metals is also considered as the key reason for the decrease of magnesium ingot price.Asian Metal Copyright The magnesium ingot price is expected to slide down further in the rest of this week with markdown limited restricted by production cost.Asian Metal Copyright We're willing to sell at the same price if there are orders, but what makes us depressed is that there are not buyers at all," said the source.

Chinese ferromolybdenum market still quiet

The mainstream price of ferromolybdenum 60% keeps stable at RMB146,000-148,000/t (USD35.Asian Metal Copyright With a production capacity of 250tpm of ferromolybdenum, they producer has to buy molybdenum concentrate from Chinese suppliers.Asian Metal Copyright63-36.Asian Metal Copyright An Inner Mongolia producer claimed that they stopped the production temporarily, keeping a stockpile of 20-30t of ferromolybdenum in the recent days.Asian Metal Copyright12/kg Mo) at present, unchanged compared with it was on Monday, while the buying activities remain quiet in China due to the slow demand from traders and end-users.Asian Metal Copyright63-36.Asian Metal Copyright

 

A Liaoning-based producer confirmed the slow situation and added that Baosteel opened a tender of 200t of ferromolybdenum last Tuesday with the concluded price at RMB146,000/t (USD35.Asian Metal Copyright The source is offering RMB148,000t USD36.Asian Metal Copyright63/kg Mo), payment term within six months.Asian Metal Copyright The source is offering RMB148,000t USD36.Asian Metal Copyright

 

With a production capacity of 6,000tpy, the producer reported that they have not stopped production yet and reached a few deals recently, offering RMB148,000/t (USD36.Asian Metal Copyright12kg Mo for ferromolybdenum 60% at present.Asian Metal Copyright12/kg Mo) for ferromolybdenum 60% at present.Asian Metal Copyright12kg Mo for ferromolybdenum 60% at present.Asian Metal Copyright

 

An Inner Mongolia producer claimed that they stopped the production temporarily, keeping a stockpile of 20-30t of ferromolybdenum in the recent days.Asian Metal Copyright The source is offering RMB148,000t USD36.Asian Metal Copyright "We dare not produce too many materials, since the production cost is high but the sell price is low," said the source.Asian Metal Copyright With a production capacity of 250tpm of ferromolybdenum, they producer has to buy molybdenum concentrate from Chinese suppliers.Asian Metal Copyright

 

With a production capacity of 250tpm of ferromolybdenum, they producer has to buy molybdenum concentrate from Chinese suppliers.Asian Metal CopyrightBEIJING Asian Metal 19 May 10- The mainstream price of ferromolybdenum 60% keeps stable at RMB146,000-148,000t USD35.Asian Metal Copyright The mainstream price of molybdenum concentrate 42% remains around RMB2,250/mtu (USD14.Asian Metal Copyright12kg Mo at present, unchanged compared with it was on Monday, while the buying activities remain quiet in China due to the slow demand from traders and end-users.Asian Metal Copyright95/lb), confirmed the source.Asian Metal Copyright12kg Mo at present, unchanged compared with it was on Monday, while the buying activities remain quiet in China due to the slow demand from traders and end-users.Asian Metal Copyright The source is offering RMB148,000/t (USD36.Asian Metal Copyright With a production capacity of 6,000tpy, the producer reported that they have not stopped production yetand reached a few deals recently, offering RMB148,000t USD36.Asian Metal Copyright12/kg Mo) for ferromolybdenum 60% at present, revealing that they reached a deal of 2-3t with an end-users at this price level yesterday.Asian Metal Copyright63kg Mo, payment term within six months.

The demand for manganese flake decreases in China

With the manganese flake price decreasing, sources reported to Asian Metal that most consumers are more hesitant to replenish stock, and the demand for manganese flake decreases in China.Asian Metal CopyrightBEIJING Asian Metal 14 May 10 - With the manganese flake price decreasing, sources reported to Asian Metal that most consumers are more hesitant to replenish stock, and the demand for manganese flake decreases in China.Asian Metal Copyright At the same time, most participants think the manganese price will continue to move down, and feel pessimistic about the market.Asian Metal CopyrightBEIJING Asian Metal 14 May 10 - With the manganese flake price decreasing, sources reported to Asian Metal that most consumers are more hesitant to replenish stock, and the demand for manganese flake decreases in China.Asian Metal Copyright

 

A Hubei-based manganese flake smelter, with an output of about 5,400tpm, revealed to Asian Metal that current manganese flake price is about RMB15,300/t (USD2,240/t) ex works, and he does not make any deals this week and is fulfilling some orders signed late last month.Asian Metal Copyright A Hubei-based manganese flake smelter, with an output of about 5,400tpm, revealed to Asian Metal that current manganese flake price is about RMB15,300t USD2,240t ex works, and he does not make any deals this week and is fulfilling some orders signed late last month.Asian Metal Copyright "The demand from downstream consumers is decreasing, and I think the price will drop to about RMB15,000/t (USD2,196/t) ex works in the coming days," said the source.Asian Metal CopyrightBEIJING Asian Metal 14 May 10 - With the manganese flake price decreasing, sources reported to Asian Metal that most consumers are more hesitant to replenish stock, and the demand for manganese flake decreases in China.Asian Metal Copyright

 

Meantime, the source is fulfilling some orders of over 1,000t of manganese briquette singed early this month, offering USD2,450/t FOB for now.Asian Metal Copyright The source is just fulfilling some orders of manganese briquette signed before, offering USD2,450t FOB, and no new deals are concluded.Asian Metal Copyright He also made a deal of about 200t of manganese flake at USD2,900/t FOB last week, and added that foreign customer are unwilling to accept the current price for now with the Chinese manganese price decreasing.Asian Metal Copyright The source is just fulfilling some orders of manganese briquette signed before, offering USD2,450t FOB, and no new deals are concluded.Asian Metal Copyright

 

A manganese flake buyer in Hunan province, with an output of about 1,000tpm of manganese briquette, told Asian Metal that manganese flake price is about RMB15,300/t (USD2,240/t) ex works, and for she does not sign any orders these days, she has no intention of replenishing stock for now.Asian Metal Copyright Meantime, the source is fulfilling some orders of over 1,000t of manganese briquette singed early this month, offering USD2,450t FOB for now.Asian Metal Copyright Although the rainy season is coming and the supply of manganese ore remains tight for now, there is still room for the manganese flake price to drop in the coming days, claimed the source.Asian Metal Copyright "The demand from downstream consumers is decreasing, and I think the price will drop to about RMB15,000t USD2,196t ex works in the coming days," said the source.Asian Metal Copyright

 

The source is just fulfilling some orders of manganese briquette signed before, offering USD2,450/t FOB, and no new deals are concluded.Asian Metal Copyright A manganese flake buyer in Hunan province, with an output of about 1,000tpm of manganese briquette, told Asian Metal that manganese flake price is about RMB15,300t USD2,240t ex works, and for she does not sign any orders these days, she has no intention of replenishing stock for now.Asian Metal Copyright With the offer of about USD3,050/t FOB for manganese ingot 97%min, the source said just few inquiries are received.Asian Metal CopyrightBEIJING Asian Metal 14 May 10 - With the manganese flake price decreasing, sources reported to Asian Metal that most consumers are more hesitant to replenish stock, and the demand for manganese flake decreases in China.

Antimony trioxide price overhangs

Antimony producers shared with Asian Metal that inquiries are decreasing as many downstream consumers are reluctant to buy in at present price level, and they just purchase small amount when they need.Asian Metal Copyright Now antimony ingot supply is tight, so antimony trioxide price won't decrease dramatically.Asian Metal Copyright 

A Guangxi-based producer, with a monthly output of around 1,000t of antimony trioxide, sold 15t of the material at RMB57,000-58,000/t (USD8,346-8,492/t) ex works at the end of April.Asian Metal Copyright However, antimony ingot diminished quickly after smelters stopped production in Lengshuijiang area.Asian Metal Copyright However, after the May Day, he received few inquiries.Asian Metal Copyright However, after the May Day, he received few inquiries.Asian Metal Copyright Currently he offered RMB58,000/t (USD8,492/t) ex works for antimony trioxide, but no deal is concluded at this rate.Asian Metal CopyrightBEIJING（Asian Metal）12 May 10 – Antimony producers shared with Asian Metal that inquiries are decreasing as many downstream consumers are reluctant to buy in at present price level, and they just purchase small amount when they need.Asian Metal Copyright 

The source predicts that the price will decrease slightly in the short term in May as few deals can be concluded at current price level.Asian Metal Copyright Now antimony ingot supply is tight, so antimony trioxide price won't decrease dramatically.Asian Metal Copyright Additionally, the flood season is coming in Guangxi and Hunan Provinces, and then it will be hard to deliver goods.Asian Metal Copyright Now antimony ingot supply is tight, so antimony trioxide price won't decrease dramatically.Asian Metal Copyright However, antimony ingot diminished quickly after smelters stopped production in Lengshuijiang area.Asian Metal Copyright .Asian Metal Copyright Now antimony ingot supply is tight, so antimony trioxide price won't decrease dramatically.Asian Metal Copyright Now he offered RMB61,000-62,000t USD8,931-9,078t ex works, but no deal is conclude at this price.Asian Metal Copyright

Another Guangxi-based producer sold a total of around 100t of antimony trioxide 99.Asian Metal Copyright A Guangxi-based producer, with a monthly output of around 1,000t of antimony trioxide, sold 15t of the material at RMB57,000-58,000t USD8,346-8,492t ex works at the end of April.Asian Metal Copyright95%min at RMB60,000/t (USD8,785/t) ex works respectively last Wednesday and on Monday.Asian Metal Copyright Another Guangxi-based producer sold a total of around 100t of antimony trioxide 99.Asian Metal Copyright Now he offered RMB61,000-62,000/t (USD8,931-9,078/t) ex works, but no deal is conclude at this price.Asian Metal Copyright Another Guangxi-based producer sold a total of around 100t of antimony trioxide 99.Asian Metal Copyright

The source also predicts that antimony trioxide price will decrease slightly in the short term as many downstream consumers are reluctant to purchase at present price level.Asian Metal Copyright95%min at RMB60,000t USD8,785t ex works respectively last Wednesday and on Monday.