Monthly Manganese Flake Market Report Oct 2019
2019-11-14 17:43:30 【Print】
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1. Market Highlights
In October, demand from both Chinese market and overseas market was weak. Early this month, major Chinese manganese flake producers kept offers firm with low inventory pressure while downstream traders and end users preferred purchasing futures that were of relatively cheap prices, so manganese flake producers had difficulties in selling spot material. In mid-October, as some Chinese manganese flake producers saw increasing stocks and upstream suppliers and downstream customers took a pessimistic attitude towards market outlook, manganese flake producers were more active in selling and gradually reduced offers. Late this month, mainstream prices for Chinese manganese flake 99.7%min were close to RMB11,000/t (USD1,567/t) EXW D/P.
In export market, the competition was fierce in October. Export traders could sign orders only by quoting on the basis of prices for the material to be delivered in two or three weeks and suffered thin profits. Export prices for manganese flake 99.7%min also showed a downtrend in October.
On the whole, prices for Chinese manganese flake moved down in October. At the end of October, mainstream prices for Chinese manganese flake 99.7%min were RMB11,000-11,200/t (USD1,567-1,595/t) EXW D/P, down by RMB200/t (USD28.48/t) from the end of September.
In October, demand from both Chinese market and overseas market was weak. Early this month, major Chinese manganese flake producers kept offers firm with low inventory pressure while downstream traders and end users preferred purchasing futures that were of relatively cheap prices, so manganese flake producers had difficulties in selling spot material. In mid-October, as some Chinese manganese flake producers saw increasing stocks and upstream suppliers and downstream customers took a pessimistic attitude towards market outlook, manganese flake producers were more active in selling and gradually reduced offers. Late this month, mainstream prices for Chinese manganese flake 99.7%min were close to RMB11,000/t (USD1,567/t) EXW D/P.
In export market, the competition was fierce in October. Export traders could sign orders only by quoting on the basis of prices for the material to be delivered in two or three weeks and suffered thin profits. Export prices for manganese flake 99.7%min also showed a downtrend in October.
On the whole, prices for Chinese manganese flake moved down in October. At the end of October, mainstream prices for Chinese manganese flake 99.7%min were RMB11,000-11,200/t (USD1,567-1,595/t) EXW D/P, down by RMB200/t (USD28.48/t) from the end of September.
