Manganese Flake and Ore Market Report September 2014
2014-10-21 14:46:11 【Print】
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Although demand for manganese metals from Chinese domestic steel mills did not rebound in September, purchases from overseas end users increased compared to August. On the supply side, the output reduction at a large North China-based manganese flake plant offset any modest expansion among plants in South China. Manganese flake prices remained flat in early to mid-September, but climbed RMB50/t (USD8/t) to RMB12,700-13,000/t (USD2,069-2,118/t) late in the month, when steel mills made bulk purchases of the materials.
The price of Chinese imported manganese ore 43-44% decreased from RMB32-33/mtu (USD5.22-5.38/mtu) to RMB31.5-32.5/mtu (USD5.14-5.30/mtu) in early September, since monthly purchasing activities had been completed and there were sufficient stocks at ports in the spot market. However, supply later showed signs of insufficiency following a full month’s consumption, resulting in the price rising to RMB32-33/mtu (USD5.22-5.38/mtu) once again.
The price of Chinese imported manganese ore 43-44% decreased from RMB32-33/mtu (USD5.22-5.38/mtu) to RMB31.5-32.5/mtu (USD5.14-5.30/mtu) in early September, since monthly purchasing activities had been completed and there were sufficient stocks at ports in the spot market. However, supply later showed signs of insufficiency following a full month’s consumption, resulting in the price rising to RMB32-33/mtu (USD5.22-5.38/mtu) once again.
