Monthly Manganese Flake Market Report Nov 2019
2019-12-12 17:09:47 【Print】
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1. Market Highlights
In November, demand from Chinese market and overseas market remained dim. Chinese traders preferred purchasing futures that were of lower prices, so the spot market saw scarce transactions. Therefore, manganese flake producers that sold spot material were unconfident about the market and gradually cut prices for manganese flake 99.7%min to promote sales.
Export market saw sufficient supply in November. Overseas downstream customers took a pessimistic attitude towards manganese flake market outlook and kept squeezing down on export prices of Chinese traders, resulting in limited transactions.
On the whole, prices for manganese flake 99.7%min showed an obvious downtrend this month. At the end of November, mainstream prices for Chinese manganese flake 99.7%min were RMB10,700-10,900/t (USD1,522-1,550/t) EXW D/P, down by RMB300/t (USD42.66/t) from the end of October. Export prices for Chinese manganese flake 99.7%min stood at USD1,500-1,530/t, down by USD40/t from the end of October.
In November, demand from Chinese market and overseas market remained dim. Chinese traders preferred purchasing futures that were of lower prices, so the spot market saw scarce transactions. Therefore, manganese flake producers that sold spot material were unconfident about the market and gradually cut prices for manganese flake 99.7%min to promote sales.
Export market saw sufficient supply in November. Overseas downstream customers took a pessimistic attitude towards manganese flake market outlook and kept squeezing down on export prices of Chinese traders, resulting in limited transactions.
On the whole, prices for manganese flake 99.7%min showed an obvious downtrend this month. At the end of November, mainstream prices for Chinese manganese flake 99.7%min were RMB10,700-10,900/t (USD1,522-1,550/t) EXW D/P, down by RMB300/t (USD42.66/t) from the end of October. Export prices for Chinese manganese flake 99.7%min stood at USD1,500-1,530/t, down by USD40/t from the end of October.
