Monthly Manganese Flake Market Report Jul 2020
2020-08-12 15:44:17 【Print】
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1. Market Highlights
Chinese manganese flake market players took a strong pessimistic attitude towards market outlook in early July and mainstream prices for manganese flake 99.7%min went down to the lowest level since 2016. As overseas major steel mills invited bids and overseas customers placed orders, the market saw more transactions. In mid-July, Chinese manganese flake producers held back from selling and kept prices stable due to little inventory pressure. Most quotations for manganese flake 99.7%min stood firm at RMB10,000/t (USD1,438/t) EXW D/P and prices for most deals went up, but trade volume was limited dragged by weaker downstream demand. In late July, Chinese customers purchased based on rigid demand and it was hard to purchase spot material at below RMB10,000/t (USD1,438/t).
In the first half of July, manganese flake export market witnessed active transactions and mainstream prices hit record low since 2016. After mid-July, Chinese manganese flake producers held back from selling and kept prices stable and U.S. dollar depreciated significantly, so export prices for manganese flake moved up.
In the first half of July, overseas markets saw active transactions. Demand from European, Russian, Brazilian and South Korean customers improved notably and prices stood low. In the second half of the month, overseas downstream customers mainly waited on the sidelines as Chinese suppliers strongly kept prices stable.
Chinese manganese flake market players took a strong pessimistic attitude towards market outlook in early July and mainstream prices for manganese flake 99.7%min went down to the lowest level since 2016. As overseas major steel mills invited bids and overseas customers placed orders, the market saw more transactions. In mid-July, Chinese manganese flake producers held back from selling and kept prices stable due to little inventory pressure. Most quotations for manganese flake 99.7%min stood firm at RMB10,000/t (USD1,438/t) EXW D/P and prices for most deals went up, but trade volume was limited dragged by weaker downstream demand. In late July, Chinese customers purchased based on rigid demand and it was hard to purchase spot material at below RMB10,000/t (USD1,438/t).
In the first half of July, manganese flake export market witnessed active transactions and mainstream prices hit record low since 2016. After mid-July, Chinese manganese flake producers held back from selling and kept prices stable and U.S. dollar depreciated significantly, so export prices for manganese flake moved up.
In the first half of July, overseas markets saw active transactions. Demand from European, Russian, Brazilian and South Korean customers improved notably and prices stood low. In the second half of the month, overseas downstream customers mainly waited on the sidelines as Chinese suppliers strongly kept prices stable.
