Chinese manganese flake prices increase
2024-04-29 08:11:52 [Print]
BEIJING (Asian Metal) 29 Apr 24 - As suppliers raise their offers and stick to their prices this week, while consumers purchase regularly, the mainstream prices of manganese flake 99.7%min in China increase by RMB150/t (USD21/t) from last week to RMB12,000-12,200/t (USD1,656-1,684/t) EXW D/P currently. Market participants predict that the mainstream prices would further lift in the next week.
A trader in Anhui disclosed that they now quote RMB12,400/t (USD1,711/t) EXW D/P for manganese flake 99.7%min and they hope to close deals at RMB12,300/t (USD1,697/t), but they would probably refuse to accept any price lower than RMB12,200/t (USD1,684/t). "We lift our price this week and just sold 150t at around RMB12,450/t (USD1,718/t) delivered with freight of RMB200/t (USD28/t) two days ago," said the trader. They hold a positive attitude towards the market prospect and expect that the mainstream prices would rise further in the coming days.
With a monthly trading volume of around 1,500t, the trader now holds no inventory.
A consumer in Hunan revealed that they find it difficult to buy manganese flake 99.7%min at any price below RMB12,000/t (USD1,656/t) EXW D/P this week. Seeing the increased prices, they could now accept to buy at RMB12,300/t (USD1,697/t) delivered with freight of RMB150/t (USD21/t), while they bought around 100t at RMB11,900/t (USD1,642/t) last week. "Most of my suppliers, facing the increasing prices of manganese ore, lift their prices this week," said the consumer. They think that the mainstream prices could climb to RMB12,200/t (USD1,684/t) EXW D/P in the forthcoming days.
With an annual consumption capacity of 30,000t, the consumer estimates to consume around 2,500t this month. They now hold no inventory.
A trader in Anhui disclosed that they now quote RMB12,400/t (USD1,711/t) EXW D/P for manganese flake 99.7%min and they hope to close deals at RMB12,300/t (USD1,697/t), but they would probably refuse to accept any price lower than RMB12,200/t (USD1,684/t). "We lift our price this week and just sold 150t at around RMB12,450/t (USD1,718/t) delivered with freight of RMB200/t (USD28/t) two days ago," said the trader. They hold a positive attitude towards the market prospect and expect that the mainstream prices would rise further in the coming days.
With a monthly trading volume of around 1,500t, the trader now holds no inventory.
A consumer in Hunan revealed that they find it difficult to buy manganese flake 99.7%min at any price below RMB12,000/t (USD1,656/t) EXW D/P this week. Seeing the increased prices, they could now accept to buy at RMB12,300/t (USD1,697/t) delivered with freight of RMB150/t (USD21/t), while they bought around 100t at RMB11,900/t (USD1,642/t) last week. "Most of my suppliers, facing the increasing prices of manganese ore, lift their prices this week," said the consumer. They think that the mainstream prices could climb to RMB12,200/t (USD1,684/t) EXW D/P in the forthcoming days.
With an annual consumption capacity of 30,000t, the consumer estimates to consume around 2,500t this month. They now hold no inventory.
