Monthly Manganese Flake Market Report Mar 2019

1. Market Highlights

In March, Chinese manganese flake producers that halted production earlier before resumed production successively and the overall operating rate went up gradually. In early March, mainstream transaction prices for Chinese manganese flake were RMB13,000-13,200/t (USD1,935-1,965/t), down by RMB200/t (USD29.77/t) from late February.Asian Metal Copyright In late March, most downstream customers were pessimistic about market outlook due to implementation of the new VAT rate in April.Asian Metal Copyright As most producers executed concluded orders, the market saw tight spot supply.Asian Metal Copyright77t from late February.Asian Metal Copyright However, downstream demand didn't improve obviously with slow purchasing activities.Asian Metal Copyright In early March, mainstream transaction prices for Chinese manganese flake were RMB13,000-13,200t USD1,935-1,965t, down by RMB200t USD29.Asian Metal Copyright Thus, the supply was able to meet downstream demand.Asian Metal Copyright77t from late February.Asian Metal Copyright As a result, prices for manganese flake stood relatively stable for around four weeks.Asian Metal Copyright .Asian Metal Copyright In late March, most downstream customers were pessimistic about market outlook due to implementation of the new VAT rate in April.Asian Metal Copyright In early March, mainstream transaction prices for Chinese manganese flake were RMB13,000-13,200t USD1,935-1,965t, down by RMB200t USD29.Asian Metal Copyright Meanwhile, manganese flake producers concluded deals smoothly and had no intention of cutting prices with limited stocks in hand.Asian Metal Copyright77t from late February.Asian Metal Copyright Generally speaking, prices for Chinese manganese flake stayed steady in March.

.Asian Metal Copyright As most producers executed concluded orders, the market saw tight spot supplyAsian Metal Copyright