Monthly Manganese Flake Market Report Sep 2018
2018-10-16 15:04:11 【Print】
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1. Market Highlights
Prices for manganese flake 99.7%min stood at low levels from late August to early September with mainstream transaction prices standing at RMB16,600-16,800/t (USD2,398-2,427/t) EXW D/P. POSCO brought forward its bidding to purchase 5,510t on 5 September, up by about 800t compared with 4,712t in mid-August. At the same time, prices went up gradually to RMB17,800-18,000/t (USD2,572-2,601/t) as upstream supply became tight and most producers raised prices together. Downstream customers were inactive to making purchases at the high level of RMB18,000/t (USD2,601/t), which lasted for 8 consecutive days.
Most Chinese steel mills opened biddings in the last week of September and failed to support prices for spot material. With the coming of the National Day holiday, most Chinese manganese producers were active in concluding deals by cutting prices in order to arrange orders in advance. In late September, mainstream transaction prices for the material stood at around RMB17,500/t (USD2,528/t).
In September, Indian, Japanese and South Korean customers made scarce purchases besides long-term orders and biddings. With pessimistic attitude towards market outlook, most consumers mainly consumed inventories or replaced manganese flake with medium carbon and LC ferromanganese due to high prices.
Prices for manganese flake 99.7%min stood at low levels from late August to early September with mainstream transaction prices standing at RMB16,600-16,800/t (USD2,398-2,427/t) EXW D/P. POSCO brought forward its bidding to purchase 5,510t on 5 September, up by about 800t compared with 4,712t in mid-August. At the same time, prices went up gradually to RMB17,800-18,000/t (USD2,572-2,601/t) as upstream supply became tight and most producers raised prices together. Downstream customers were inactive to making purchases at the high level of RMB18,000/t (USD2,601/t), which lasted for 8 consecutive days.
Most Chinese steel mills opened biddings in the last week of September and failed to support prices for spot material. With the coming of the National Day holiday, most Chinese manganese producers were active in concluding deals by cutting prices in order to arrange orders in advance. In late September, mainstream transaction prices for the material stood at around RMB17,500/t (USD2,528/t).
In September, Indian, Japanese and South Korean customers made scarce purchases besides long-term orders and biddings. With pessimistic attitude towards market outlook, most consumers mainly consumed inventories or replaced manganese flake with medium carbon and LC ferromanganese due to high prices.
