Chinese manganese flake market goes sluggish

Participants reported that while domestic manganese flake price is still on the decrease, and consumers are more hesitant to replenish stock, manganese flake market goes sluggish these days.Asian Metal Copyright Offering USD2,850-2,900t FOB for manganese flake, he claimed it is difficult for foreign consumers to accept the price to buy at the moment.Asian Metal Copyright At the same time, the demand from stainless steel market decreases, and selenium dioxide price drops a bit continuously.Asian Metal Copyright According to the source, there are not many materials available in spot market now, while the manganese ore supply keeps tight with the rainy season coming, and he only holds little stock on hand.Asian Metal Copyright

A manganese flake smelter in Chongqing, with an output of about 600tpm, disclosed to Asian Metal that he made a deal of 20t with a trader at RMB15,000/t (USD2,196/t) ex works on Wednesday, and the trading volume is very small.Asian Metal Copyright At the same time, the demand from stainless steel market decreases, and selenium dioxide price drops a bit continuously.Asian Metal Copyright "Manganese flake price moves down continuously by RMB100/t (USD15/t) compared with that early this week, and it will continue to go down in the coming days for the weak demand from downstream consumers," shared the source.Asian Metal Copyright "Consumers are unwilling to accept the offer for now, and few smelters start to sell at about RMB15,000t USD2,196t ex works, which does not stimulate buyers to purchase actively," said the source.Asian Metal Copyright

Talking of the demand for manganese flake, the source complained that only few inquiries are received these days, and the trading volume is decreasing.Asian Metal CopyrightBEIJING Asian Metal 20 May 10 - Participants reported that while domestic manganese flake price is still on the decrease, and consumers are more hesitant to replenish stock, manganese flake market goes sluggish these days.Asian Metal Copyright Very few consumers are active to replenish stock for now, and most of them are more hesitant to buy for the moment.Asian Metal Copyright According to the source, there are not many materials available in spot market now, while the manganese ore supply keeps tight with the rainy season coming, and he only holds little stock on hand.Asian Metal Copyright

Another Hunan-based manganese smelter, with an  output of about 1,500tpm, shared with Asian Metal that he is only fulfilling some orders signed early this month, and does not make any deals this week, offering RMB15,100/t (USD2,211/t) ex works for manganese flake for now.Asian Metal Copyright Offering USD2,850-2,900t FOB for manganese flake, he claimed it is difficult for foreign consumers to accept the price to buy at the moment.Asian Metal Copyright "Consumers are unwilling to accept the offer for now, and few smelters start to sell at about RMB15,000/t (USD2,196/t) ex works, which does not stimulate buyers to purchase actively," said the source.Asian Metal Copyright "Manganese flake price moves down continuously by RMB100t USD15t compared with that early this week, and it will continue to go down in the coming days for the weak demand from downstream consumers," shared the source.Asian Metal Copyright
 
According to the source, there are not many materials available in spot market now, while the manganese ore supply keeps tight with the rainy season coming, and he only holds little stock on hand.Asian Metal Copyright .Asian Metal Copyright Offering USD2,850-2,900/t FOB for manganese flake, he claimed it is difficult for foreign consumers to accept the price to buy at the moment.Asian Metal Copyright Very few consumers are active to replenish stock for now, and most of them are more hesitant to buy for the moment.Asian Metal Copyright