Manganese metal market was quiet last week as consumers bought in small quantity partly due to weak in stainless steel demand and secondly due to instability in the market, as many still believe prices will dip further.
The price was relatively stable last week because Chinese suppliers were on holiday, so there was no offer from China except for trading in warehouse Rotterdam.
"Manganese price has falling again, prices are now in the range of USD3, 450-3,550/t in warehouse Rotterdam for prompt delivery, flakes," informed a trader source in Germany. He was lucky to had concluded a deal at USD3, 500/t for prompt release to customer, for manganese flakes, and said the market is quiet because there is no big buying due to instability in prices.
Another trader source in Estonia said he received an offer of manganese lumpy at USD3, 650/t in warehouse Rotterdam, and another of lumpy at USD3,400/t CIF Rotterdam for prompt shipment, but yet to make up his mind. The last offer seems low compare with the market price but the price is dropping, so difficult to put aside the claim.
A third trader source in Sweden said he missed a deal early last week because he offered at high rate thinking since it is small quantity so the rate should be higher than for large quantity. However, the customer but the 5t at USD3,600/t in warehouse Rotterdam. The source said the market is quiet and prices are still sliding.
The price was relatively stable last week because Chinese suppliers were on holiday, so there was no offer from China except for trading in warehouse Rotterdam.
"Manganese price has falling again, prices are now in the range of USD3, 450-3,550/t in warehouse Rotterdam for prompt delivery, flakes," informed a trader source in Germany. He was lucky to had concluded a deal at USD3, 500/t for prompt release to customer, for manganese flakes, and said the market is quiet because there is no big buying due to instability in prices.
Another trader source in Estonia said he received an offer of manganese lumpy at USD3, 650/t in warehouse Rotterdam, and another of lumpy at USD3,400/t CIF Rotterdam for prompt shipment, but yet to make up his mind. The last offer seems low compare with the market price but the price is dropping, so difficult to put aside the claim.
A third trader source in Sweden said he missed a deal early last week because he offered at high rate thinking since it is small quantity so the rate should be higher than for large quantity. However, the customer but the 5t at USD3,600/t in warehouse Rotterdam. The source said the market is quiet and prices are still sliding.
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