Chinese manganese lump prices remain low
2024-04-15 09:14:37 [Print]
BEIJING (Asian Metal) 15 Apr 24 - Because of the soft demand for electrolytic manganese products, the current mainstream prices of manganese lump 96.5%min in China stay weak at RMB12,250-12,450/t (USD1,693-1,720/t) EXW D/P. Traders predict that the prices would remain at the low level in the coming days.
A trader in Chongqing disclosed that now they quote RMB12,400/t (USD1,713/t) EXW D/P for manganese lump 96.5%min, and expect to sell at RMB12,300/t (USD1,700/t). They don't accept the prices below RMB12,250/t (USD1,693/t). Their latest deal dates back to last week, when they sold 150t at RMB12,400/t (USD1,713/t) EXW D/P. "As the price gap between manganese lump and manganese flake narrows, we see the profit become thin. However, because of the firm cost, we think the price won't fall much in the coming days," The trader predicts that the prices will remain low in the forthcoming days.
With a monthly trading volume of 1,000t, the trader now holds 200t of inventories.
Another trader in Hunan revealed that their current quoting price for manganese lump 96.5%min stands at RMB12,400/t (USD1,713/t) EXW D/P, with RMB50/t (USD7/t) concession. They don't accept the bid price below RMB12,300/t (USD1,700/t). Their latest deal was closed earlier this week, when they sold around 65t at RMB12,350/t (USD1,706/t) EXW D/P. The trader holds a pessimistic attitude towards the market prospect. "Because of the continuously low demand, we can do nothing but follow the downward price trend," said the trader. They think the prices could further fall in the coming days.
With a monthly trading volume of around 550t, the trader now holds 100t of inventories.
A trader in Chongqing disclosed that now they quote RMB12,400/t (USD1,713/t) EXW D/P for manganese lump 96.5%min, and expect to sell at RMB12,300/t (USD1,700/t). They don't accept the prices below RMB12,250/t (USD1,693/t). Their latest deal dates back to last week, when they sold 150t at RMB12,400/t (USD1,713/t) EXW D/P. "As the price gap between manganese lump and manganese flake narrows, we see the profit become thin. However, because of the firm cost, we think the price won't fall much in the coming days," The trader predicts that the prices will remain low in the forthcoming days.
With a monthly trading volume of 1,000t, the trader now holds 200t of inventories.
Another trader in Hunan revealed that their current quoting price for manganese lump 96.5%min stands at RMB12,400/t (USD1,713/t) EXW D/P, with RMB50/t (USD7/t) concession. They don't accept the bid price below RMB12,300/t (USD1,700/t). Their latest deal was closed earlier this week, when they sold around 65t at RMB12,350/t (USD1,706/t) EXW D/P. The trader holds a pessimistic attitude towards the market prospect. "Because of the continuously low demand, we can do nothing but follow the downward price trend," said the trader. They think the prices could further fall in the coming days.
With a monthly trading volume of around 550t, the trader now holds 100t of inventories.
