Monthly Manganese Flake Market Report Nov 2018
2018-12-13 17:26:39 【Print】
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1. Market Highlights
This month, major manganese producers in Songtao of Guizhou resumed production successively, including Guizhou Wuling, Sanhe, Kingray and Huifeng, and Ningxia Tianyuan Manganese increased output, so the market saw more upstream supply of manganese flake. Market participants were hit hard and pessimistic about market outlook. Prices for Chinese manganese flake 99.7%min decreased to RMB12,600-12,800/t (USD1,834-1,863/t) in mid-November from RMB15,000-15,200/t (USD2,183-2,212/t) in early November, a decline of RMB2,400/t (USD349/t) within half month. Under such circumstance, the market saw active transactions. After prices for the material went down to lower than RMB13,000/t (USD1,892/t), some Chinese producers suffered losses. With tight supply in spot market, producers held back from selling and tended to raise offers, resulting in slight increases in prices. However, traders in South China that built huge stocks from Tianyuan Manganese kept lowering prices and concluded lots of deals, so market prices moved down further. In late November, mainstream transaction prices for Chinese manganese flake 99.7%min stood at RMB12,400-12,600/t (USD1,805-1,834/t). According to Asian Metal, most traders finished purchases for most of orders in late November.
Generally speaking, prices for manganese flake 99.7%min went down dramatically in November and market participants took a pessimistic attitude towards market outlook. Mainstream transaction prices moved down to RMB12,400-12,600/t (USD1,805-1,834/t) late this month from RMB15,000-15,200/t (USD2,183-2,212/t) EXW D/P in early November, a decrease of RMB2,600/t (USD278/t).
This month, major manganese producers in Songtao of Guizhou resumed production successively, including Guizhou Wuling, Sanhe, Kingray and Huifeng, and Ningxia Tianyuan Manganese increased output, so the market saw more upstream supply of manganese flake. Market participants were hit hard and pessimistic about market outlook. Prices for Chinese manganese flake 99.7%min decreased to RMB12,600-12,800/t (USD1,834-1,863/t) in mid-November from RMB15,000-15,200/t (USD2,183-2,212/t) in early November, a decline of RMB2,400/t (USD349/t) within half month. Under such circumstance, the market saw active transactions. After prices for the material went down to lower than RMB13,000/t (USD1,892/t), some Chinese producers suffered losses. With tight supply in spot market, producers held back from selling and tended to raise offers, resulting in slight increases in prices. However, traders in South China that built huge stocks from Tianyuan Manganese kept lowering prices and concluded lots of deals, so market prices moved down further. In late November, mainstream transaction prices for Chinese manganese flake 99.7%min stood at RMB12,400-12,600/t (USD1,805-1,834/t). According to Asian Metal, most traders finished purchases for most of orders in late November.
Generally speaking, prices for manganese flake 99.7%min went down dramatically in November and market participants took a pessimistic attitude towards market outlook. Mainstream transaction prices moved down to RMB12,400-12,600/t (USD1,805-1,834/t) late this month from RMB15,000-15,200/t (USD2,183-2,212/t) EXW D/P in early November, a decrease of RMB2,600/t (USD278/t).
