Manganese flake market quiet with the low operating rate

9 Jul 10 – More and more manganese flake smelters intend to stop producing, and the Chinese manganese market is still in thin trading.Asian Metal Copyright Holding manganese flake and manganese briquette about 1,000t respectively in Rotterdam warehouse, he quotes around USD2,800t and USD2,500t for manganese flake and manganese briquette in local place.Asian Metal Copyright There is no signal for the demand to recover, and the manganese flake price is on the decline.Asian Metal CopyrightBEIJING Asian Metal 9 Jul 10 – More and more manganese flake smelters intend to stop producing, and the Chinese manganese market is still in thin trading.Asian Metal Copyright

 

A source from a manganese flake smelter in Hunan, with an output of about 2,000tpm, revealed to Asian Metal that manganese flake price is about RMB14,600/t (USD2,138/t) ex works in China, and the smelter has been out of production so far.Asian Metal Copyright The source does not sign any export order of manganese flake this week with the price of about USD2,750t FOB China, but he is negotiating with a foreign customer about a long-term order of manganese lump 95%min, and wants to make the deal at about USD2,900t FOB China main port.Asian Metal Copyright "Most steel mills consumers don't want to buy any more, expecting the price to dip further, and only few deals are concluded," shared the source.Asian Metal Copyright Another Hubei-based source from a manganese flake smelter, with an output of about 5,400tpm, disclosed to Asian Metal that he has decreased the production to about 3,000tpm for the low demand, and the current manganese flake price is about 14,700t USD2,152t ex works.Asian Metal Copyright

 

Putting the export offer at about USD2,780/t FOB China for manganese flake, the source has no order these two weeks.Asian Metal Copyright Another Hubei-based source from a manganese flake smelter, with an output of about 5,400tpm, disclosed to Asian Metal that he has decreased the production to about 3,000tpm for the low demand, and the current manganese flake price is about 14,700t USD2,152t ex works.Asian Metal Copyright Holding manganese flake and manganese briquette about 1,000t respectively in Rotterdam warehouse, he quotes around USD2,800/t and USD2,500/t for manganese flake and manganese briquette in local place.Asian Metal Copyright "I have some long-term orders signed with steel mills to fulfill, but generally speaking, the domestic market remains quiet with the low operating rate," said the source.Asian Metal Copyright

 

Another Hubei-based source from a manganese flake smelter, with an output of about 5,400tpm, disclosed to Asian Metal that he has decreased the production to about 3,000tpm for the low demand, and the current manganese flake price is about 14,700/t (USD2,152/t) ex works.Asian Metal CopyrightBEIJING Asian Metal 9 Jul 10 – More and more manganese flake smelters intend to stop producing, and the Chinese manganese market is still in thin trading.Asian Metal Copyright "I have some long-term orders signed with steel mills to fulfill, but generally speaking, the domestic market remains quiet with the low operating rate," said the source.Asian Metal Copyright "I have some long-term orders signed with steel mills to fulfill, but generally speaking, the domestic market remains quiet with the low operating rate," said the source.Asian Metal Copyright

 

The source does not sign any export order of manganese flake this week with the price of about USD2,750/t FOB China, but he is negotiating with a foreign customer about a long-term order of manganese lump 95%min, and wants to make the deal at about USD2,900/t FOB China main port.Asian Metal CopyrightBEIJING Asian Metal 9 Jul 10 – More and more manganese flake smelters intend to stop producing, and the Chinese manganese market is still in thin trading.