Manganese flake market still in thin trading

It is reported that manganese flake market is still pretty thin, though manganese flake price increased a little before the Dragon Boat Festival in China.Asian Metal CopyrightBEIJING Asian Metal 18 Jun 10 - It is reported that manganese flake market is still pretty thin, though manganese flake price increased a little before the Dragon Boat Festival in China.Asian Metal Copyright Many stainless steel mills have been out of production and most manganese flake consumers do not want to buy any more at the moment.Asian Metal Copyright "Many steel mills halted production, and I don't want to replenish stocks any more in the coming days for no new order on hand," shared the source, claiming that the manganese flake price is about RMB14,500t USD2,123t ex works.Asian Metal Copyright

 

A source from a Hunan-based manganese flake smelter, who decreased the monthly output to 3,000t from 4,500t, revealed to Asian Metal that manganese flake price is in the range of RMB14,500-14,600/t (USD2,123-2,138/t) ex works, and the domestic market still does not see more deals.Asian Metal Copyright Putting about RMB15,400t USD2,255t ex works for manganese lump, he does not sign any order this week.Asian Metal Copyright "The powder price rising can push up the manganese flake price a bit, and it is expected that the market may see more deals after the festival," said the source.Asian Metal Copyright According to the source, though powder price increasing in Hunan pushed up the manganese flake price a bit, downstream consumers are still watching the market instead of replenishing stocks.Asian Metal Copyright

 

Offering USD2,700-2,750/t FOB China for manganese flake now, the source complained that there are still lots of materials available in Rotterdam warehouse, and only few inquiries from overseas market are received.Asian Metal Copyright "Many steel mills halted production, and I don't want to replenish stocks any more in the coming days for no new order on hand," shared the source, claiming that the manganese flake price is about RMB14,500t USD2,123t ex works.Asian Metal Copyright

 

With an output of about 2,000tpm of manganese lump and ferromanganese, another source in Hunan province disclosed to Asian Metal that he will decrease the output when he concludes the orders signed before.Asian Metal Copyright "The powder price rising can push up the manganese flake price a bit, and it is expected that the market may see more deals after the festival," said the source.Asian Metal Copyright "Many steel mills halted production, and I don't want to replenish stocks any more in the coming days for no new order on hand," shared the source, claiming that the manganese flake price is about RMB14,500/t (USD2,123/t) ex works.Asian Metal Copyright A source from a Hunan-based manganese flake smelter, who decreased the monthly output to 3,000t from 4,500t, revealed to Asian Metal that manganese flake price is in the range of RMB14,500-14,600t USD2,123-2,138t ex works, and the domestic market still does not see more deals.Asian Metal Copyright

 

According to the source, though powder price increasing in Hunan pushed up the manganese flake price a bit, downstream consumers are still watching the market instead of replenishing stocks.Asian Metal CopyrightBEIJING Asian Metal 18 Jun 10 - It is reported that manganese flake market is still pretty thin, though manganese flake price increased a little before the Dragon Boat Festival in China.Asian Metal Copyright Putting about RMB15,400/t (USD2,255/t) ex works for manganese lump, he does not sign any order this week.Asian Metal CopyrightBEIJING Asian Metal 18 Jun 10 - It is reported that manganese flake market is still pretty thin, though manganese flake price increased a little before the Dragon Boat Festival in China.