Manganese flake price slides down further

7 Jul 10 – Participants reported to Asian Metal that manganese flake price dips further in China, and more and more manganese flake smelters intend to stop producing.Asian Metal Copyright With an output of about 2,000tpm of manganese flake, another source from a manganese smelter in Hunan disclosed to Asian Metal that manganese flake price slides down to about RMB14,600t USD2,138t ex works from RMB14,800t USD2,167t ex works early this week.Asian Metal Copyright The policy of the increasing power price has not been settled yet in Hunan and Guangxi etc.Asian Metal Copyright At the same time, he is about to decrease production for the low demand.Asian Metal Copyright

 

A source from a manganese flake smelter in Hunan province revealed to Asian Metal that he has been out of production so far, and the manganese flake market continued the down-moving trend from early this week with the price dropping by about RMB 100/t (USD15/t) to RMB14,600-14,700/t (USD2,138-2,152/t) ex works.Asian Metal Copyright At the same time, he is about to decrease production for the low demand.Asian Metal Copyright "I still hold large stock on hand, but don't want to sell at current price," shared the source, with a monthly output of 1,000t of manganese flake.Asian Metal Copyright Putting export offer for manganese flake at about USD2,780t FOB China at the moment, the source claimed that the demand from overseas market is still weak.Asian Metal Copyright

 

Putting export offer for manganese flake at about USD2,780/t FOB China at the moment, the source claimed that the demand from overseas market is still weak.Asian Metal Copyright At the same time, he is about to decrease production for the low demand.Asian Metal Copyright Although the operating rate of manganese smelters in China is low, foreign customers are still not eager to place orders.Asian Metal Copyright It is expected that the domestic manganese market will remain quiet in the rest of the month.Asian Metal Copyright

 

With an output of about 2,000tpm of manganese flake, another source from a manganese smelter in Hunan disclosed to Asian Metal that manganese flake price slides down to about RMB14,600/t (USD2,138/t) ex works from RMB14,800/t (USD2,167/t) ex works early this week.Asian Metal Copyright Although the operating rate of manganese smelters in China is low, foreign customers are still not eager to place orders.Asian Metal Copyright "It is difficult for buyers to accept the price of RMB14,700/t (USD2,152/t) ex works, and it will continue to take the down-moving trend," said the source.Asian Metal Copyright Although the operating rate of manganese smelters in China is low, foreign customers are still not eager to place orders.Asian Metal Copyright

 

The source is just fulfilling some long-term orders with steel mills signed before, but claimed that the trading volume is decreasing constantly.Asian Metal CopyrightBEIJING Asian Metal 7 Jul 10 – Participants reported to Asian Metal that manganese flake price dips further in China, and more and more manganese flake smelters intend to stop producing.Asian Metal Copyright At the same time, he is about to decrease production for the low demand.Asian Metal Copyright It is expected that the domestic manganese market will remain quiet in the rest of the month.Asian Metal Copyright It is expected that the domestic manganese market will remain quiet in the rest of the month.Asian Metal Copyright Although the operating rate of manganese smelters in China is low, foreign customers are still not eager to place orders.