Manganese Flake Market Report October 2015

The demand for manganese flake, both inside and outside of China, has reduced constantly in the recent 2-3 months.Asian Metal Copyright But many medium-and-large-size electrolytic plants still maintained stable production.Asian Metal Copyright But many medium-and-large-size electrolytic plants still maintained stable production. Without much demand and with regular output, the market supply increased steadily, and the prices for manganese flake were thus driven down significantly in October, with a decline scale as much as RMB700/t (USD110/t). In late September, mainstream prices for manganese flake stood at RMB9,300-9,400/t (USD1,467-1,483/t), but due to the approaching of the National Day holiday, most buyers delayed purchasing as they expected for lower prices.Asian Metal Copyright Without much demand and with regular output, the market supply increased steadily, and the prices for manganese flake were thus driven down significantly in October, with a decline scale as much as RMB700t USD110t.Asian Metal Copyright From early to middle October, price reduction initiated by larger manganese flake smelters forced down the overall levels by such a large scale that many producers in the South chose to stop production in late the month, and some of the top producers also slashed output.Asian Metal Copyright Then the prices started to level off.Asian Metal Copyright Then the prices started to level off. Dragged by the continuous price reduction in the domestic market, the export price for Chinese-origin manganese flake also dropped, with a decline scale as high as USD100/t.

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