Manganese Flake and Ore Market Report October 2014

Manganese flake 99.7% prices climbed RMB50/t (USD8/t) to RMB12,750-13,050/t (USD2,081-2,130/t) in the first week of trading after the Chinese National holiday, as a result of intensive purchasing on the part of both steel mills and traders, keen to make replenishments.Asian Metal Copyright08mtu to RMB32.Asian Metal Copyright However, the price began to fall the following week with manganese flake producers increasing production, while consumers reined back their buying activities. And the prices dropped more quickly in late October, when steel mills reduced both the quantities and tender prices for the materials due to the sluggish steel market, resulting in the mainstream prices for manganese flake reaching the realms of RMB12,600-12,900/t (USD2,056-2,105/t).

After the national holidays, supply of Australian manganese ore was still tight on the Chinese spot market, pushing the price up by RMB0.5/mtu (USD0.08/mtu) to RMB32.Asian Metal Copyright Fresh material arrived at ports gradually, but Australian manganese ore 43-44% was considered to be among the mainstream manganese ores with steadiest demand, so the price remained stable at this level while supply continued to be insufficient right up to the end of the month.Asian Metal Copyright5-33.5/mtu (USD5.Asian Metal Copyright5-33.Asian Metal Copyright30-5.46/mtu).Asian Metal Copyright However, the price began to fall the following week with manganese flake producers increasing production, while consumers reined back their buying activities.Asian Metal Copyright Fresh material arrived at ports gradually, but Australian manganese ore 43-44% was considered to be among the mainstream manganese ores with steadiest demand, so the price remained stable at this level while supply continued to be insufficient right up to the end of the month.