Monthly Manganese Flake Market Report Sep 2020
2020-10-12 17:41:19 【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 early September, most Chinese manganese flake producers had no inventory pressure and raised prices successively, while downstream consumers purchased from hand to mouth, resulting in slowly increasing prices. In the first week of the month, Chinese steel mills finished making purchases for September, so demand weakened and transaction prices stood stable. In late September, Chinese producers were more active in selling and slightly cut prices in order to recoup funds and make preparations for executing orders during the National Day holiday, so prices moved down to the level in early September. Generally speaking, prices fluctuated slightly and edged up this month.
In September, export prices for manganese flake went up notably because of the price uptrend in Chinese manganese flake market and significant depreciation of U.S. dollar.
European and American customers came back from the summer vacation this month and demand improved in late September. Driven by rising export prices for Chinese manganese flake, prices in European and American markets rose.
In early September, most Chinese manganese flake producers had no inventory pressure and raised prices successively, while downstream consumers purchased from hand to mouth, resulting in slowly increasing prices. In the first week of the month, Chinese steel mills finished making purchases for September, so demand weakened and transaction prices stood stable. In late September, Chinese producers were more active in selling and slightly cut prices in order to recoup funds and make preparations for executing orders during the National Day holiday, so prices moved down to the level in early September. Generally speaking, prices fluctuated slightly and edged up this month.
In September, export prices for manganese flake went up notably because of the price uptrend in Chinese manganese flake market and significant depreciation of U.S. dollar.
European and American customers came back from the summer vacation this month and demand improved in late September. Driven by rising export prices for Chinese manganese flake, prices in European and American markets rose.
