Manganese flake price goes steady in China

After moving down constantly in the past weeks, the manganese flake price goes steady since early week.Asian Metal Copyright He has been out of production by now for the environment protection and the low demand from domestic and foreign markets.Asian Metal Copyright Meanwhile, before the rising powder price will be settled in the near future, many manganese smelters halted production, and few smelters are about to raise the offer a little, but stainless steel purchasers are still inactive to buy for the pressure of the real estate.Asian Metal Copyright The source still holds an order of manganese flake which be delivered in the near future, offering USD2,750t FOB China, USD2,850t FOB China and USD 2,900t FOB China for manganese flake 99.Asian Metal Copyright

 

A source from a manganese flake smelter in Hunan province, with an output of about 500tpm, confirmed to Asian Metal that the manganese flake price goes stable at about RMB14,300/t (USD2,094/t) ex works after moving down greatly in the past weeks.Asian Metal Copyright1kWh in the near future.Asian Metal Copyright He has been out of production by now for the environment protection and the low demand from domestic and foreign markets.Asian Metal Copyright Meanwhile, before the rising powder price will be settled in the near future, many manganese smelters halted production, and few smelters are about to raise the offer a little, but stainless steel purchasers are still inactive to buy for the pressure of the real estate.Asian Metal Copyright

 

Since the last export deals of 25t of manganese flake at USD2,800/t CIF Rotterdam last May, the source does not offer, for no inquiries from overseas market are received.Asian Metal Copyright The source still holds an order of manganese flake which be delivered in the near future, offering USD2,750t FOB China, USD2,850t FOB China and USD 2,900t FOB China for manganese flake 99.Asian Metal Copyright However, he is negotiating with some foreign customers about an order of manganese briquette, offering about USD2,350/t CIF Rotterdam.Asian Metal Copyright1kWh in the near future.Asian Metal Copyright

 

Putting the manganese flake offer at RMB14,300-14,400/t (USD2,094-2,108/t) ex works at the moment, another manganese trader in Hunan province revealed to Asian Metal that the powder price will be raised by about RMB0.Asian Metal CopyrightBEIJING Asian Metal 11 Jun 10 - After moving down constantly in the past weeks, the manganese flake price goes steady since early week.Asian Metal Copyright1/kWh in the near future.Asian Metal Copyright Since the last export deals of 25t of manganese flake at USD2,800t CIF Rotterdam last May, the source does not offer, for no inquiries from overseas market are received.Asian Metal Copyright "The manganese price goes stable these two days, but if the final powder price will be settled, smelters are about to increase the manganese offer," said the source.Asian Metal Copyright Putting the manganese flake offer at RMB14,300-14,400t USD2,094-2,108t ex works at the moment, another manganese trader in Hunan province revealed to Asian Metal that the powder price will be raised by about RMB0.Asian Metal Copyright

 

The source still holds an order of manganese flake which be delivered in the near future, offering USD2,750/t FOB China, USD2,850/t FOB China and USD 2,900/t FOB China for manganese flake 99.Asian Metal Copyright The source still holds an order of manganese flake which be delivered in the near future, offering USD2,750t FOB China, USD2,850t FOB China and USD 2,900t FOB China for manganese flake 99.Asian Metal Copyright7%min, manganese lump 95%min and 97%min respectively.Asian Metal Copyright1kWh in the near future.Asian Metal Copyright

Report forecasts shortages of 14 critical mineral raw materials including Antimony, Beryllium, Cobalt, Fluorspar, Gallium, Germanium, Graphite, Indium, Magnesium, Niobium, PGMs (Platinum Group Metals), Rare earths, Tantalum and Tungsten.

Raw materials are an essential part of both high tech products and every-day consumer products, such as mobile phones, thin layer photovoltaics, Lithium-ion batteries, fibre optic cable, synthetic fuels, among others. But their availability is increasingly under pressure according to a report published today by an expert group chaired by the European Commission. In this first ever overview on the state of access to raw materials in the EU, the experts label a selection of 14 raw materials as "critical" out of 41 minerals and metals analysed. The growing demand for raw materials is driven by the growth of developing economies and new emerging technologies. The list was established in the framework of the 2008 EU Raw Materials Initiative¹ in close cooperation with Member States and stakeholders. The results of the report will be used for the drafting of a forthcoming communication on strategies to ensure access to raw materials which the Commission will publish in autumn 2010.

European Commission Vice-President Antonio Tajani, in charge of Industry and Entrepreneurship, said: "Today's report provides very valuable input for our efforts to ensure that access to raw materials for enterprises will not be hampered. We need fair play on external markets, a good framework to foster sustainable raw materials supply from EU sources as well as improved resource efficiency and more use of recycling. It is our aim to make sure that Europe's industry will be able to continue to play a leading role in new technologies and innovation and we have to ensure that we have the necessary elements to do so.''

The expert group considers that 14 raw mineral materials are critical for the European Union: Antimony, Beryllium, Cobalt, Fluorspar, Gallium, Germanium, Graphite, Indium, Magnesium, Niobium, PGMs (Platinum Group Metals), Rare earths, Tantalum and Tungsten. Forecasts indicate that demand might more than triple for a series of critical raw materials by 2030 compared with the 2006 level.

For the critical raw materials, their high supply risk is mainly due to the fact that a high share of the worldwide production mainly comes from a handful of countries: China (antimony, fluorspar, gallium, germanium, graphite, indium, magnesium, rare earths, tungsten), Russia (PGM), the Democratic Republic of Congo (cobalt, tantalum) and Brazil (niobium and tantalum). This production concentration, in many cases, is compounded by low substitutability and low recycling rates.

Antimony ingot producers hold price firm

Antimony ingot producers hold price firm in spot market with the expectation of further rise in the coming two weeks.Asian Metal Copyright "Although antimony trioxide producers are grudging in making purchase for the dipping price in spot market, we maintained the offer of RMB57,000t USD8,346t ex works for antimony ingot since last week," the source said.Asian Metal Copyright

A source from an antimony ingot smelter in Hunan, with an annual capacity of around 7,000t, reported that they turned down any bids at below RMB57,000/t (USD8,346/t) ex works.Asian Metal CopyrightBEIJING（Asian Metal）4 Jun 10 – Antimony ingot producers hold price firm in spot market with the expectation of further rise in the coming two weeks.Asian Metal Copyright "Although antimony trioxide producers are grudging in making purchase for the dipping price in spot market, we maintained the offer of RMB57,000/t (USD8,346/t) ex works for antimony ingot since last week," the source said.Asian Metal Copyright" Similarly, the source thinks the export market of antimony ingot will see more inquires in the near future and the price will rise further as foreign buyer will make purchases before they leave for summer holiday.Asian Metal Copyright

Furthermore, the source confirmed that some large antimony ingot producers in Hunan are operating their long term contracts at present and also hold their prices firm in spot market.Asian Metal Copyright A source from another smelter in South China with an annual capacity of around 10,000t, reported that they hold their antimony ingot price at RMB56,000t USD8,199t ex weeks this week.Asian Metal Copyright "We has an order of 200t of antimony ingot signed at RMB62,000/t (USD9,076/t) ex works in May, which has not been finished.Asian Metal Copyright Furthermore, the source confirmed that some large antimony ingot producers in Hunan are operating their long term contracts at present and also hold their prices firm in spot market.Asian Metal Copyright"

According to the source, the smelter just resumed production after the environmental check in May, and will finish the order in mid-June.Asian Metal Copyright "I don't have much antimony ingot inventory, and only hold around 800 metal ton of antimony concentrate in stock," the source said, believing that antimony ingot price will rise a little soon for the coming summer holiday in Europe.Asian Metal Copyright "I don't have much antimony ingot inventory, and only hold around 800 metal ton of antimony concentrate in stock," the source said, believing that antimony ingot price will rise a little soon for the coming summer holiday in Europe.Asian Metal CopyrightBEIJING（Asian Metal）4 Jun 10 – Antimony ingot producers hold price firm in spot market with the expectation of further rise in the coming two weeks.

Manganese smelters more reluctant to sell in China

Although manganese ore price keeps high, and the supply of manganese ore is tight, manganese flake price continues to go down, and most manganese smelters are more hesitant to sell with the thin profit.Asian Metal Copyright Some small sized manganese smelters who depand on buying manganese ore start to halt producion with the negative profit, and there are not many materials available in spot market.Asian Metal Copyright Some of smelters halted production and decided to leave the market for the time being.Asian Metal Copyright Some small sized manganese smelters who depand on buying manganese ore start to halt producion with the negative profit, and there are not many materials available in spot market.Asian Metal Copyright At the same time, the export price of manganese flake moves down accordingly, and the market is very quiet.Asian Metal Copyright Some of smelters halted production and decided to leave the market for the time being.Asian Metal Copyright
 
A manganese flake smelter in Guizou, with  an output of around 2,500tpm, revealed to Asian Metal that he is fulfilling some long-term orders signed with some regular steel mills, and current manganese flake price goes down to about RMB14,400/t (USD2,108/t) ex works.Asian Metal Copyright At the same time, the export price of manganese flake moves down accordingly, and the market is very quiet.Asian Metal Copyright "Few smelters start to sell at about RMB14,300/t (USD2,094/t) ex works in Jishou, and I still hold some orders to fulfill and does not want to sign any orders with the low price," said the source.Asian Metal Copyright He claimed that the export volume is decreasing with the manganese price dropping.Asian Metal Copyright
 
Few inquiries from overseas market are received, and the source does not sign any export orders these two weeks, offering USD2,750-2,800/t FOB for manganese flake.Asian Metal Copyright Another manganese flake smelter in Chongqing, with an output of around 1,200tpm, revealed to Asian Metal that current manganese flake price is around RMB14,400t USD2,108t ex works, and there is still a room for it to move down continuously in the coming days, while the demand from consumers does not increase.Asian Metal Copyright He claimed that the export volume is decreasing with the manganese price dropping.Asian Metal Copyright Owning manganese ore resources, the source confirmed is reluctant to sell for the thin profit, and no deald are concluded these days.Asian Metal Copyright
 
Another manganese flake smelter in Chongqing, with an output of around 1,200tpm, revealed to Asian Metal that current manganese flake price is around RMB14,400/t (USD2,108/t) ex works, and there is still a room for it to move down continuously in the coming days, while the demand from consumers does not increase.Asian Metal Copyright Owning manganese ore resources, the source confirmed is reluctant to sell for the thin profit, and no deald are concluded these days.Asian Metal Copyright Owning manganese ore resources, the source confirmed  is reluctant to sell for the thin profit, and no deald are concluded these days.Asian Metal Copyright Owning manganese ore resources, the source confirmed is reluctant to sell for the thin profit, and no deald are concluded these days.Asian Metal Copyright
 
Some small sized manganese smelters who depand on buying manganese ore start to halt producion with the negative profit, and there are not many materials available in spot market.Asian Metal CopyrightBEIJING Asian Metal 28 May 10 - Although manganese ore price keeps high, and the supply of manganese ore is tight, manganese flake price continues to go down, and most manganese smelters are more hesitant to sell with the thin profit.Asian Metal Copyright On the other side, consumers  are still not eager to buy, and the manganese market is still in thin trading in China.Asian Metal Copyright On the other side, consumers are still not eager to buy, and the manganese market is still in thin trading in China.

Battery manufacturers purchase lead ingot inactively

Lead ingot price fell by a small margin on Thursday to RMB14,500-14,600/t (USD2,123-2,382/t).Asian Metal Copyright They usually purchase 300t of lead ingot every half a month.Asian Metal Copyright The current macroeconomics situation is gloomy, and in the wake of the slack season of lead ingot, lead market is confronted with more pressure.Asian Metal Copyright " The influence factor of the lead price is complicated.Asian Metal Copyright Battery manufacturers keep watching the lead ingot market.Asian Metal Copyright" According to the source they still hold 700t of lead ingot on hand.Asian Metal Copyright

A source from a Guangdong-based battery company reported, "Along with the summer's coming, our demand of lead ingot in May decreased by about 100t from last month.Asian Metal Copyright They usually purchase 300t of lead ingot every half a month.Asian Metal Copyright" This battery producer consumed 500t of lead ingot in May.Asian Metal Copyright" According to the source they still hold 700t of lead ingot on hand.Asian Metal Copyright They usually purchase 300t of lead ingot every half a month.Asian Metal Copyright Due to the slack economy and summer's come, most market participants predict the price might fall unceasingly.Asian Metal Copyright

"The recent offers are around RMB14,500-14,800/t (USD2,123-2,167/t), which are much lower than the smelters' production cost," said the source: "The low price is beneficial to us to cut the cost, but many smelters are reluctant to sell at the current price.Asian Metal Copyright "The recent offers are around RMB14,500-14,800t USD2,123-2,167t, which are much lower than the smelters' production cost," said the source: "The low price is beneficial to us to cut the cost, but many smelters are reluctant to sell at the current price.Asian Metal Copyright" According to the source they still hold 700t of lead ingot on hand.Asian Metal Copyright A source from a Guangdong-based battery company reported, "Along with the summer's coming, our demand of lead ingot in May decreased by about 100t from last month.Asian Metal Copyright

A source from a Henan-based smelter told us, "We decreased the offer again from RMB14,600/t (USD2,382/t) to RMB14,500/t (USD2,123/t) on Thursday.Asian Metal Copyright "The recent offers are around RMB14,500-14,800t USD2,123-2,167t, which are much lower than the smelters' production cost," said the source: "The low price is beneficial to us to cut the cost, but many smelters are reluctant to sell at the current price.Asian Metal Copyright" The production of the smelter is about 5,000tpm.Asian Metal Copyright The current macroeconomics situation is gloomy, and in the wake of the slack season of lead ingot, lead market is confronted with more pressure.Asian Metal Copyright "Some downstream manufacturers are not in a hurry to return to the market and keep watching the market, as they still have inventories on hand.Asian Metal Copyright " The influence factor of the lead price is complicated.Asian Metal Copyright "

The influence factor of the lead price is complicated.Asian Metal Copyright Battery manufacturers keep watching the lead ingot market.Asian Metal Copyright Due to the slack economy and summer's come, most market participants predict the price might fall unceasingly.Asian Metal Copyright "The recent offers are around RMB14,500-14,800t USD2,123-2,167t, which are much lower than the smelters' production cost," said the source: "The low price is beneficial to us to cut the cost, but many smelters are reluctant to sell at the current price.

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.