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    Monthly Manganese Flake Market Report Dec 2019

    2020-01-14 18:03:02   【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

    In December, the supply of manganese flake was sufficient in China due to high operating rate, while downstream demand was limited. With the end of the year approaching, major manganese flake plants in North China, in order to recoup funds, sold their products at Tianjin Port at low prices and signed orders for January in advance.Asian Metal Copyright .Asian Metal Copyright Therefore, market participants were pessimistic about the future market.Asian Metal Copyright7%min showed a downtrend this month.Asian Metal Copyright Manganese plants in South China also quickly cut the EXW prices for manganese flake to avoid overstock, and the market saw active transactions.Asian Metal Copyright On the whole, prices for manganese flake 99.Asian Metal Copyright Prices for manganese flake 99.7%min were close to RMB10,000/t (USD1,453/t), and those for some orders that do not require immediate delivery was as low as RMB9,800/t (USD1,424/t).Asian Metal Copyright With the end of the year approaching, major manganese flake plants in North China, in order to recoup funds, sold their products at Tianjin Port at low prices and signed orders for January in advance.Asian Metal Copyright At the end of this month, the spot supply in Chongqing's Xiushan County, Hunan's Huayuan County and Guizhou's Songtao County was tight, and the bidding prices for manganese flake from Chinese steel mills in January were slightly higher than the market expectation, which strengthened producers' confidence in insisting on prices to some extent.Asian Metal Copyright At the end of December, mainstream prices for Chinese manganese flake 99.Asian Metal Copyright As a result, the decline in manganese flake prices slowed down.Asian Metal Copyright .Asian Metal Copyright At the end of December, most manganese flake plants and suppliers held back from selling, and the spot market saw rare low-price products, so prices for the material edged up.

    Most overseas downstream consumers of manganese flake are pessimistic about the future market due to the sufficient supply in Chinese market, continuously depressing export prices of Chinese traders. Moreover, due to the Christmas Day holiday, overseas demand has been poor since mid-to-late December, and export prices keep falling.

    On the whole, prices for manganese flake 99.7%min showed a downtrend this month.Asian Metal Copyright65t from the end of November.Asian Metal Copyright At the end of December, mainstream prices for Chinese manganese flake 99.7%min were RMB10,200-10,400/t (USD1,482-1,511/t) EXW D/P, down by RMB500/t (USD72.65/t) from the end of November.Asian Metal Copyright7%min were RMB10,200-10,400t USD1,482-1,511t EXW DP, down by RMB500t USD72.Asian Metal Copyright Export prices for Chinese manganese flake 99.7%min stood at USD1,440-1,470/t, down by USD60/t from the end of November.

    .Asian Metal Copyright7%min stood at USD1,440-1,470t, down by USD60t from the end of NovemberAsian Metal Copyright
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