Guangxi Xin-Manganese Group to halt manganese flake production
2021-02-02 08:32:07 [Print]
BEIJING (Asian Metal) 2 Feb 21 - A source from Guangxi Xin-Manganese Group Co., one of major manganese flake producers in China, revealed yesterday that the company plans to stop the production for manganese flake 99.7%min on February 4th, and the company expects to produce about 560t this month.
"We plan to stop production for manganese flake 99.7%min on February 4th for equipment maintenance. We expect to produce about 560t this month and expect to resume production one month later," the source said, adding that they had six production lines totally for manganese flake 99.7%min production. They do not offer for sales now and would possibly accept the price as low as RMB16,300/t (USD2,524/t) EXW D/P for manganese flake 99.7%min for the regular clients one week ago. They sold about 200t at RMB16,300/t (USD2,524/t) one week ago. As most suppliers hold their prices firm at present, but the market sees weak demand, they predict that the prices of Chinese manganese flake 99.7%min would stay stable within this week.
Based on an annual production capacity of 80,000t of manganese flake 99.7%min, the producer expects to produce about 560t this month, compared to about 3,900t last month. The producer is holding no stocks now, unchanged MOM. They produced about 39,300t in 2020 and around 4,460t so far in 2021.
Currently, the mainstream prices of Chinese manganese flake 99.7%min stand at RMB16,100-16,300/t (USD2,493-2,524/t) EXW D/P, unchanged from last week.
"We plan to stop production for manganese flake 99.7%min on February 4th for equipment maintenance. We expect to produce about 560t this month and expect to resume production one month later," the source said, adding that they had six production lines totally for manganese flake 99.7%min production. They do not offer for sales now and would possibly accept the price as low as RMB16,300/t (USD2,524/t) EXW D/P for manganese flake 99.7%min for the regular clients one week ago. They sold about 200t at RMB16,300/t (USD2,524/t) one week ago. As most suppliers hold their prices firm at present, but the market sees weak demand, they predict that the prices of Chinese manganese flake 99.7%min would stay stable within this week.
Based on an annual production capacity of 80,000t of manganese flake 99.7%min, the producer expects to produce about 560t this month, compared to about 3,900t last month. The producer is holding no stocks now, unchanged MOM. They produced about 39,300t in 2020 and around 4,460t so far in 2021.
Currently, the mainstream prices of Chinese manganese flake 99.7%min stand at RMB16,100-16,300/t (USD2,493-2,524/t) EXW D/P, unchanged from last week.
Manganese Flake 99.7%min EXW China
Unit:RMB/mt
China manganese flake producers' number MoM output increase statistics by province by month
Unit: pcs
