Chinese manganese flake prices firm
2023-03-23 08:31:33 [Print]
BEIJING (Asian Metal) 23 Mar 23 – Most Chinese producers of manganese flake intend to firm their quotations this week given the limited inventory, the present prevailing prices of Chinese manganese flake Mn 99
A producer in South China disclosed that they currently offer RMB15,300/t (USD2,221/t) EXW D/P for manganese flake Mn 99.7%min, Se 0.08%max and they could consider the price as low as RMB15,200/t (USD2,206/t) for regular clients, in line with the beginning of this week. The producer noted, "We received no inquiry today and last sold 200t at RMB15,200/t (USD2,206/t) late last week" . Considering the limited inventory despite the soft demand, they plan to hold their price unchanged and believe that the mainstream prices of Chinese manganese flake 99 . 7%min would remain stable this week.
Based on an annual production capacity of 40,000t of manganese flake, the producer would like to produce nearly 1,800t this month, on par with the previous month. They have no inventory at present.
A trader in South China disclosed," Our quotation for manganese flake Mn 99.7%min, Se 0.08%max stands at RMB15,200/t (USD2,206/t) EXW D/P today and we could accept the concession as much as RMB200/t (USD28/t), unchanged from the beginning of this week". The trader received an inquiry of 100t at RMB14,900/t (USD2,163/t) but they refused. They last sold 100t at RMB15,000/t (USD2,177/t) mid last week . Due to the suppliers' intentions to firm prices, the trader intends to firm their quotation and predicts that the mainstream prices of Chinese manganese flake would keep unchanged in the coming days.
The trader, with the typical monthly trading volume of 500t of manganese flake, estimates to sell approximately 400t this month, down by about 100t from the previous month due to the sluggish demand. The trader holds around 250t of inventory now.
. 7%min, Se 0.08%max stay at RMB15,000-15,300/t (USD2,177-2,221/t) EXW D/P, unchanged from early this week . Given that most suppliers have no intention to move their prices, insiders believe that the mainstream prices of Chinese manganese flake 99 . 7%min would stay unchanged in the following days.
A producer in South China disclosed that they currently offer RMB15,300/t (USD2,221/t) EXW D/P for manganese flake Mn 99.7%min, Se 0.08%max and they could consider the price as low as RMB15,200/t (USD2,206/t) for regular clients, in line with the beginning of this week. The producer noted, "We received no inquiry today and last sold 200t at RMB15,200/t (USD2,206/t) late last week" . Considering the limited inventory despite the soft demand, they plan to hold their price unchanged and believe that the mainstream prices of Chinese manganese flake 99 . 7%min would remain stable this week.
Based on an annual production capacity of 40,000t of manganese flake, the producer would like to produce nearly 1,800t this month, on par with the previous month. They have no inventory at present.
A trader in South China disclosed," Our quotation for manganese flake Mn 99.7%min, Se 0.08%max stands at RMB15,200/t (USD2,206/t) EXW D/P today and we could accept the concession as much as RMB200/t (USD28/t), unchanged from the beginning of this week". The trader received an inquiry of 100t at RMB14,900/t (USD2,163/t) but they refused. They last sold 100t at RMB15,000/t (USD2,177/t) mid last week . Due to the suppliers' intentions to firm prices, the trader intends to firm their quotation and predicts that the mainstream prices of Chinese manganese flake would keep unchanged in the coming days.
The trader, with the typical monthly trading volume of 500t of manganese flake, estimates to sell approximately 400t this month, down by about 100t from the previous month due to the sluggish demand. The trader holds around 250t of inventory now.