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    Manganese flake export price declines

    2005-04-18 09:14:35   【Print】

    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” The source believes the current export price in the region is around USD1,450-1,480t FOB.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 CopyrightBEIJING Asian Metal 18 Apr 05 – The manganese flake export price has declined, following slipping domestic levels, industry participants reported to Asian Metal today.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 just sold 120t of material for only USD1,460t FOB yesterday,” a Hunan-based trader said.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.

    .Asian Metal CopyrightIndustry insiders predict further slipping export prices in the following weekAsian Metal Copyright
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