Manganese Flake and Ore Market Report November 2014

With operating rates picking up but demand shrinking, Chinese manganese flake prices fell rapidly in November, sinking to RMB12,000-12,300/t (USD1,928-1,977/t) by the end, which represented a total decrease of RMB600/t (USD96/t) over the month.Asian Metal Copyright Besides, traders were reluctant to risk increasing their stocks, given that prices were sliding, and this led to even slower movement in the market.Asian Metal Copyright 200 series stainless steel mills in China continued to reduce their purchase quantities for manganese flake, and activity in the export market also slowed as overseas buyers had built up stocks during the previous two months.Asian Metal Copyright20-5.Asian Metal Copyright Besides, traders were reluctant to risk increasing their stocks, given that prices were sliding, and this led to even slower movement in the market.

The manganese alloy market remained subdued and manganese ore demand was soft throughout the month, although the price experienced some fluctuations with changing stock levels in the spot market and new material arriving. In the middle of November, the Australian manganese ore 43-44% market saw more new materials arrive at ports; however, downstream users held adequate stocks in hand and were in no rush to purchase material, so the price fell by RMB0.2/mtu (USD0.03/mtu) to RMB32.Asian Metal Copyright3mtu USD5.Asian Metal Copyright3-33.3/mtu (USD5.Asian Metal Copyright 200 series stainless steel mills in China continued to reduce their purchase quantities for manganese flake, and activity in the export market also slowed as overseas buyers had built up stocks during the previous two months.Asian Metal Copyright20-5.36/mtu).Asian Metal Copyright Besides, traders were reluctant to risk increasing their stocks, given that prices were sliding, and this led to even slower movement in the market.Asian Metal Copyright In the second half of November, the price remained stable with the market showing no significant movement.
.Asian Metal Copyright Besides, traders were reluctant to risk increasing their stocks, given that prices were sliding, and this led to even slower movement in the marketAsian Metal Copyright