Manganese flake market slows down

BEIJING (Asian Metal) 4 Aug 10 – Market participants revealed to Asian Metal that manganese flake price drops continuously, so manganese flake buyers are more reluctant to replenish stocks, and the market slows down obviously.Asian Metal Copyright A source from a manganese flake smelter in Hunan province, with an output of about 2,000tpm, disclosed to Asian Metal that manganese flake price drops further, with the price of about RMB14,800t USD2,167t ex works compared to RMB 14,900t USD2,182t ex works of early this week, and the manganese market goes quiet.Asian Metal Copyright

 

A source from a manganese flake smelter in Hunan province, with an output of about 2,000tpm, disclosed to Asian Metal that manganese flake price drops further, with the price of about RMB14,800/t (USD2,167/t) ex works compared to RMB 14,900/t (USD2,182/t) ex works of early this week, and the manganese market goes quiet.Asian Metal Copyright "I received an inquiry early this week, but the consumer does not want to order now," said the source.Asian Metal Copyright "I received an inquiry early this week, but the consumer does not want to order now," said the source.Asian Metal Copyright The source claimed that manganese flake supply keeps tight which does not prevent the manganese price from dropping continuously.Asian Metal Copyright

 

Meanwhile, offering USD2,750-2,800/t FOB China for manganese flake, the source prefers to do domestic business, for foreign customers do not accept the offer.Asian Metal Copyright "The demand from steel mills has not recovered, and the end customers still hold large stocks on hand.Asian Metal Copyright According to the custom data, the export volume of manganese flake is decreasing, and the Chinese export market keeps quiet.Asian Metal Copyright A source from a manganese flake smelter in Hunan province, with an output of about 2,000tpm, disclosed to Asian Metal that manganese flake price drops further, with the price of about RMB14,800t USD2,167t ex works compared to RMB 14,900t USD2,182t ex works of early this week, and the manganese market goes quiet.Asian Metal Copyright

 

Another source from a manganese flake smelter in Guangxi, with an output of about 1,200tpm, told Asian Metal that he is just fulfilling some orders signed before and other traders are more reluctant to buy, for the manganese flake price dips further to RMB15,000/t (USD2,196/t) ex works, down by about RMB100/t (USD15/t) compared to that of early this week.Asian Metal Copyright So the market is still inactive in general," shared the source.Asian Metal Copyright "The demand from steel mills has not recovered, and the end customers still hold large stocks on hand.Asian Metal Copyright "The demand from steel mills has not recovered, and the end customers still hold large stocks on hand.Asian Metal Copyright So the market is still inactive in general," shared the source.Asian Metal Copyright According to the custom data, the export volume of manganese flake is decreasing, and the Chinese export market keeps quiet.Asian Metal Copyright

 

Talking of the supply of manganese flake, many manganese smelters have not resumed production for the weak demand and the low profit.Asian Metal Copyright The source claimed that manganese flake supply keeps tight which does not prevent the manganese price from dropping continuously.Asian Metal Copyright The source claimed that manganese flake supply keeps tight which does not prevent the manganese price from dropping continuously.Asian Metal Copyright According to the custom data, the export volume of manganese flake is decreasing, and the Chinese export market keeps quiet.