Manganese Flake Market Report June 2016

During June, the price of Chinese manganese flake held stable on the whole.Asian Metal Copyright However, some steel plants lowered their purchases for manganese flake in late June and demand in the domestic market is expected to weaken further in July when spot supply becomes sufficient, placing downward pressure on the price.Asian Metal Copyright Some plants resumed operations but also some halted production to carry out maintenance, so the production remained unchanged from last month at high level.Asian Metal Copyright .Asian Metal Copyright However, some steel plants lowered their purchases for manganese flake in late June and demand in the domestic market is expected to weaken further in July when spot supply becomes sufficient, placing downward pressure on the price. The export price of Chinese manganese flake remained low at USD1,490-1,530/t FOB China in June and is not expected to move in July due to weaker domestic price and exchange rate movement.

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