Chinese manganese flake exporters hold pessimistic attitudes
2023-03-22 08:42:55 [Print]
BEIJING (Asian Metal) 22 March 23 – The export market of manganese flake still stays in the low position, most suppliers hold a bearish attitude to the market and decrease their prices to maintain sales. Currently, the prevailing export prices of Chinese manganese flake Mn 99.7%min, Se 0.08%max stay at USD2,200-2,250/t FOB China, decreased by USD20/t from the end of last week. Considering that most downstream clients stay in no hurry to purchase, insiders predict that the mainstream export prices of Chinese manganese flake would decrease in the upcoming days.
A trader in South China disclosed that they hold a pessimistic attitude to the market as they felt hard to receive new orders these two weeks and they only sold 60t so far this month. The trader quote USD2,200/t FOB China for manganese flake Mn 99.7%min, Se 0.08%max today and they could consider the price as low as USD2,190/t. They offered USD2,200/t late last week without concession. The trader noted, "We failed to receive a new order today and we last sold 30t at USD2,220/t two weeks ago". As most downstream clients hold watchful attitudes and purchase cautiously, the trader has the intention to decrease their price further and believes that the export prices of Chinese manganese flake would edge down in the following days.
The trader, with a typical monthly sales volume of about 200t of manganese flake, estimates to sell about 150t in March, down by 50t from last month due to the soft demand. The trader holds no inventory at present.
Another trader in South China mentioned, "Most of our clients delayed their purchase plans and we felt hard to get new orders this month, and we hold a bearish attitude to the market now". The trader stated that they currently quote USD2,200/t FOB for manganese flake Mn 99.7%min, Se 0.08%max with the concession as much as USD20/t, while they quoted USD2,200/t without counteroffer late last week. The trader received no inquiry today and last sold 30t at USD2,200/t at the beginning of last week. Given that downstream clients show weak demand, the trader intends to decrease their price further and expects that the export prices of manganese flake would go down further next week.
Based on a typical monthly trading volume of around 500t of manganese flake, the trader estimates to sell around 300t in March, down by 200t from last month given the weak demand. They have no inventory at the moment.
A trader in South China disclosed that they hold a pessimistic attitude to the market as they felt hard to receive new orders these two weeks and they only sold 60t so far this month. The trader quote USD2,200/t FOB China for manganese flake Mn 99.7%min, Se 0.08%max today and they could consider the price as low as USD2,190/t. They offered USD2,200/t late last week without concession. The trader noted, "We failed to receive a new order today and we last sold 30t at USD2,220/t two weeks ago". As most downstream clients hold watchful attitudes and purchase cautiously, the trader has the intention to decrease their price further and believes that the export prices of Chinese manganese flake would edge down in the following days.
The trader, with a typical monthly sales volume of about 200t of manganese flake, estimates to sell about 150t in March, down by 50t from last month due to the soft demand. The trader holds no inventory at present.
Another trader in South China mentioned, "Most of our clients delayed their purchase plans and we felt hard to get new orders this month, and we hold a bearish attitude to the market now". The trader stated that they currently quote USD2,200/t FOB for manganese flake Mn 99.7%min, Se 0.08%max with the concession as much as USD20/t, while they quoted USD2,200/t without counteroffer late last week. The trader received no inquiry today and last sold 30t at USD2,200/t at the beginning of last week. Given that downstream clients show weak demand, the trader intends to decrease their price further and expects that the export prices of manganese flake would go down further next week.
Based on a typical monthly trading volume of around 500t of manganese flake, the trader estimates to sell around 300t in March, down by 200t from last month given the weak demand. They have no inventory at the moment.
