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    Monthly Manganese Flake Market Report Jul 2019

    2019-08-12 17:35:36   【Print】
    The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
    Please contact us for a subscription.
    1. Market Highlights

    This month, downstream demand for Chinese manganese flake remained weak and most producers in South China suffered inventory pressure. Although Tianyuan Manganese kept stabilizing the market and continued to purchase spot material from producers in South China, the strategy didn't work as well as in June.Asian Metal Copyright During the first three weeks of July, manganese flake prices showed a slow downtrend, but transaction prices for manganese flake 99.Asian Metal Copyright Producers in South China were active in concluding deals in order to recoup funds rapidly while most consumers squeezed down on prices.Asian Metal Copyright7%min still stabilized at RMB13,000t USD1,840t EXW DP.Asian Metal Copyright During the first three weeks of July, manganese flake prices showed a slow downtrend, but transaction prices for manganese flake 99.7%min still stabilized at RMB13,000/t (USD1,840/t) EXW D/P.Asian Metal Copyright From late July on, Tianyuan Manganese didn't purchase spot material from producers in South China any more and stopped stabilizing market price.Asian Metal Copyright From late July on, Tianyuan Manganese didn't purchase spot material from producers in South China any more and stopped stabilizing market price. At the end of July, producers in South China gradually reduced manganese flake prices to below RMB13,000/t (USD1,840/t) to recoup funds.Asian Metal Copyright Market Highlights This month, downstream demand for Chinese manganese flake remained weak and most producers in South China suffered inventory pressure.Asian Metal Copyright In late July, mainstream transaction prices for Chinese manganese flake 99.7%min were RMB12,700-12,900/t (USD1,798-1,826/t) EXW D/P, down by RMB350/t (USD49.55/t) from late last month.Asian Metal Copyright By the end of July, most upstream suppliers and downstream customers were pessimistic about market outlook.Asian Metal Copyright In addition, Chinese steel mills released August's bidding results successively in late July and their purchase prices dropped notably, which further aggravated the pessimistic attitude of market participants.

    Affected soft demand for Chinese manganese flake from overseas customers during the traditional summer vacation of European market and U.S.Asian Metal Copyright7%min were RMB12,700-12,900t USD1,798-1,826t EXW DP, down by RMB350t USD49.Asian Metal Copyright market, most export traders suffered a sharp decline in trade volume in July.Asian Metal Copyright Purchase prices of overseas steel mills declined substantially too.Asian Metal Copyright With the slight price downtrend in Chinese market, most overseas customers squeezed down on prices and waited on the sidelines.Asian Metal CopyrightS.Asian Metal Copyright Purchase prices of overseas steel mills declined substantially too.

    On the whole, manganese flake prices showed a slow downtrend in July. By the end of July, most upstream suppliers and downstream customers were pessimistic about market outlook.

    .Asian Metal Copyright In addition, Chinese steel mills released August's bidding results successively in late July and their purchase prices dropped notably, which further aggravated the pessimistic attitude of market participantsAsian Metal Copyright
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