8th World Antimony Forum

TBD
Guiyang, Guizhou, China

12th Rare Earth Summit

TBD
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

TBD
Hangzhou, Zhejiang, China

9th Magnesium Summit

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Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

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Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Monthly Manganese Flake Market Report Aug 2019

2019-09-12 17:50:49   【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights

With a continuously high operating rate, Chinese manganese flake producers suffered great inventory pressure from late July to early August and had high desire for selling. In early August, Chinese and overseas steel mills released bidding results for manganese flake successively and all purchase prices dropped dramatically MOM, which were much lower than market price in terms of EXW prices, so upstream suppliers and downstream customers held an increasingly pessimistic attitude towards market outlook.Asian Metal Copyright Downstream customers placed a large number of orders at such prices to execute downstream order or rebuild stocks, resulting in lower inventory pressure.Asian Metal Copyright In the middle of this month, Tianyuan Manganese delivered a large number of spot material to South China and transaction prices for manganese flake 99.7%min went down rapidly to around RMB11,700/t (USD1,649/t) from RMB12,500/t (USD1,761/t) EXW D/P.Asian Metal Copyright1.Asian Metal Copyright Manganese flake producers held heavy stocks and cut prices for the material in succession to sell inventories and recoup funds.Asian Metal Copyright Manganese flake producers held heavy stocks and cut prices for the material in succession to sell inventories and recoup funds.Asian Metal Copyright In late August, transaction prices for manganese flake 99.7%min rested at around RMB11,200/t (USD1,578/t) and those for futures stayed at RMB10,800-11,000/t (USD1,522-1,550/t).Asian Metal Copyright7%min went down rapidly to around RMB11,700t USD1,649t from RMB12,500t USD1,761t EXW DP.Asian Metal Copyright Downstream customers placed a large number of orders at such prices to execute downstream order or rebuild stocks, resulting in lower inventory pressure.Asian Metal Copyright1.Asian Metal Copyright As manganese flake prices were close to production cost of major producers, some Chinese producers suffered losses. With less inventory pressure, Chinese producers adjusted mental attitudes gradually, held back from selling and slightly raise offers to around RMB11,400/t (USD1,606/t).Asian Metal Copyright7%min and the purchase price was less than RMB11,000t USD1,550t in terms of EXW price, so manganese flake prices showed a downtrend again.Asian Metal Copyright At the end of the month, Baosteel released the bidding result for manganese flake 99.7%min and the purchase price was less than RMB11,000/t (USD1,550/t) in terms of EXW price, so manganese flake prices showed a downtrend again.

In export market, most overseas customers were pessimistic about market outlook due to the high operating rate of Chinese manganese flake producers and squeezed down on prices with a wait-and-see attitude. As manganese flake prices declined sharply in Chinese market, export prices for the material moved down accordingly.

Generally speaking, prices for Chinese manganese went down dramatically in August. By late August, mainstream transaction prices for Chinese manganese flake 99.7%min were RMB11,100-11,300/t (USD1,564-1,592/t) EXW D/P, down by RMB1,600/t (USD225/t) from late July.Asian Metal Copyright Market Highlights With a continuously high operating rate, Chinese manganese flake producers suffered great inventory pressure from late July to early August and had high desire for selling.Asian Metal Copyright The market last saw the same low prices in early April of 2018.

.Asian Metal Copyright As manganese flake prices were close to production cost of major producers, some Chinese producers suffered losses.Asian Metal Copyright