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.