Monthly Manganese Flake Market Report May 2019
2019-06-12 08:22:41 【Print】
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1. Market Highlights
In early May, Chinese manganese flake market was relatively quiet. Although the operating rate of producers was high, the spot supply of manganese flake remained tight. Most producers arranged production of concluded orders to late May or early June while some arranged production to late June. After mid-May, affected by uncertain trend of the Sino-U.S. trade friction, depreciation of Yuan and other factors, export traders lowered offers successively and made purchases cautiously. They just made enquiries or placed orders with manganese flake producers only if they received firm bids. As a result, Chinese manganese flake producers were forced to slightly cut EXW prices. In late May, mainstream transaction prices for Chinese manganese flake 99.7%min edged down by RMB100/t (USD14.46/t) to RMB13,100-13,300/t (USD1,894-1,923/t). At the end of the month, with increased spot supply and continuously weak downstream demand, most market players were pessimistic about market outlook. After Tianyuan Manganese tended to purchase spot material from producers in South China and kept price firm, prices for the material stood stable during last days of May.
Generally speaking, prices for Chinese manganese flake stayed relatively stable and fluctuated within a small range. The overall operating rate of Chinese manganese flake producers was high while Tianyuan Manganese kept price firmly stable by reducing output and continuously released the message of purchasing spot material from producers in South China. It's predicted that prices for Chinese manganese flake would continue to be stable in June.
In early May, Chinese manganese flake market was relatively quiet. Although the operating rate of producers was high, the spot supply of manganese flake remained tight. Most producers arranged production of concluded orders to late May or early June while some arranged production to late June. After mid-May, affected by uncertain trend of the Sino-U.S. trade friction, depreciation of Yuan and other factors, export traders lowered offers successively and made purchases cautiously. They just made enquiries or placed orders with manganese flake producers only if they received firm bids. As a result, Chinese manganese flake producers were forced to slightly cut EXW prices. In late May, mainstream transaction prices for Chinese manganese flake 99.7%min edged down by RMB100/t (USD14.46/t) to RMB13,100-13,300/t (USD1,894-1,923/t). At the end of the month, with increased spot supply and continuously weak downstream demand, most market players were pessimistic about market outlook. After Tianyuan Manganese tended to purchase spot material from producers in South China and kept price firm, prices for the material stood stable during last days of May.
Generally speaking, prices for Chinese manganese flake stayed relatively stable and fluctuated within a small range. The overall operating rate of Chinese manganese flake producers was high while Tianyuan Manganese kept price firmly stable by reducing output and continuously released the message of purchasing spot material from producers in South China. It's predicted that prices for Chinese manganese flake would continue to be stable in June.
