Manganese flake export price declines

BEIJING (Asian Metal) 18 Apr 05 – The manganese flake export price has declined, following slipping domestic levels, industry participants reported to Asian Metal today.

“We just sold 120t of material for only USD1,460/t FOB yesterday,” a Hunan-based trader said. “Exports are really tough at the moment.” The source believes the current export price in the region is around USD1,450-1,480/t FOB.Asian Metal Copyright “We’ve received only a few inquiries at relatively low prices,” the source complained.Asian Metal Copyright

A Shanxi-based trader confirmed that the export price has experienced a sharp decline since the beginning of this week. “We quoted foreign buyers at USD1,500/t FOB yesterday but we were refused,” said the source, adding that the concluded price was around USD1,530/t ten days ago.Asian Metal Copyright“We just sold 120t of material for only USD1,460t FOB yesterday,” a Hunan-based trader said.Asian Metal Copyright

A major manganese flake producer from Guizhou Province reported that no new export deals have been concluded during the past week. “We’ve received only a few inquiries at relatively low prices,” the source complained.Asian Metal Copyright “We quoted foreign buyers at USD1,500t FOB yesterday but we were refused,” said the source, adding that the concluded price was around USD1,530t ten days ago.Asian Metal Copyright

The smelter is fully running at a 10,000tpy production capacity with most of its output consumed in the Chinese domestic market at present.

According to the source, prevailing manganese flake export prices are around USD1,460-1,500/t FOB.

Industry insiders predict further slipping export prices in the following week.