Monthly Manganese Flake Market Report Jun 2019
2019-07-11 15:52:15 【Print】
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1. Market Highlights
The manganese flake spot market saw relatively balanced supply and demand in June as Tianyuan Manganese kept purchasing spot material from producers in South China and mainstream prices for manganese flake 99.7%min stood stable at RMB13,100-13,300/t (USD1,906-1,935/t) EXW D/P. In late June, although Chinese steel mills invited bids and Tianyuan Manganese continued to keep prices firm, some manganese flake producers in South China suffered sales pressure due to weak demand and slightly lowered EXW prices. Thus, mainstream transaction prices edged down by RMB50/t (USD7.27/t) to RMB13,050-13,250/t (USD1,898-1,928/t) EXW D/P.
In export market, export traders reduced profit margin as much as possible in June to sign more orders as manganese flake prices in Chinese market were still stalemated. Affected by soft overseas downstream demand, exports decreased in May and June. During the summer vacation in European and U.S. market in July and August, export deals are likely to drop further. Therefore, some manganese flake producers lowered offers for July's output in future market, resulting in a decline in export volume.
On the whole, manganese flake prices still stayed stable in Chinese market in June while prices in export market moved down.
The manganese flake spot market saw relatively balanced supply and demand in June as Tianyuan Manganese kept purchasing spot material from producers in South China and mainstream prices for manganese flake 99.7%min stood stable at RMB13,100-13,300/t (USD1,906-1,935/t) EXW D/P. In late June, although Chinese steel mills invited bids and Tianyuan Manganese continued to keep prices firm, some manganese flake producers in South China suffered sales pressure due to weak demand and slightly lowered EXW prices. Thus, mainstream transaction prices edged down by RMB50/t (USD7.27/t) to RMB13,050-13,250/t (USD1,898-1,928/t) EXW D/P.
In export market, export traders reduced profit margin as much as possible in June to sign more orders as manganese flake prices in Chinese market were still stalemated. Affected by soft overseas downstream demand, exports decreased in May and June. During the summer vacation in European and U.S. market in July and August, export deals are likely to drop further. Therefore, some manganese flake producers lowered offers for July's output in future market, resulting in a decline in export volume.
On the whole, manganese flake prices still stayed stable in Chinese market in June while prices in export market moved down.
