Monthly Manganese Flake Market Report Apr 2020
2020-05-12 17:24:23 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
In April, some countries were in lockdown due to continuous spread of COVID-19, so imported manganese ore prices soared in Chinese market. As a result, prices for manganese alloys went up accordingly. As manganese flake can be used as a substitute of high-silicon silicomanganese, MC ferromanganese and LC ferromanganese, most market players believed that demand for manganese flake from Chinese steel mills would increase. Chinese producers also raised offers. Besides, Tianyuan Manganese tried to stabilize the market by releasing the news of cutting production and purchasing spot material in South China, which further consumed the spot supply in South China. Most producers in South China held low stocks and had confidence in keeping prices stable. Comprehensively speaking, mainstream prices for Chinese manganese flake edged up this month.
In terms of export, demand from overseas customers was weak due to continuous spread of COVID-19. Export traders raised offers gradually with increasing prices in Chinese manganese flake market, but closed limited deals.
In terms of overseas market, most European countries were in half lockdown and demand for manganese flake from steel mills declined. India, Brazil and Southeastern countries were in lockdown and made few purchases. Although manganese flake prices moved up slightly in Chinese market, prices in overseas market remained weakly stable.
In April, some countries were in lockdown due to continuous spread of COVID-19, so imported manganese ore prices soared in Chinese market. As a result, prices for manganese alloys went up accordingly. As manganese flake can be used as a substitute of high-silicon silicomanganese, MC ferromanganese and LC ferromanganese, most market players believed that demand for manganese flake from Chinese steel mills would increase. Chinese producers also raised offers. Besides, Tianyuan Manganese tried to stabilize the market by releasing the news of cutting production and purchasing spot material in South China, which further consumed the spot supply in South China. Most producers in South China held low stocks and had confidence in keeping prices stable. Comprehensively speaking, mainstream prices for Chinese manganese flake edged up this month.
In terms of export, demand from overseas customers was weak due to continuous spread of COVID-19. Export traders raised offers gradually with increasing prices in Chinese manganese flake market, but closed limited deals.
In terms of overseas market, most European countries were in half lockdown and demand for manganese flake from steel mills declined. India, Brazil and Southeastern countries were in lockdown and made few purchases. Although manganese flake prices moved up slightly in Chinese market, prices in overseas market remained weakly stable.
