Chinese manganese flake export prices drop
2015-04-14 09:23:44 [Print]
BEIJING (Asian Metal) 14 Apr 15 - Affected by falling prices in the domestic market, as well as slower purchases from overseas end users, the export price of manganese flake 99.7% kept downtrend in the past one month, seeing a total decrease of USD70/t. Suppliers have reported few transactions in the recent one week, and do not expect the demand to pick up in the near term.
A manganese flake 99.7% producer in North China quoted USD1,850/t CIF Rotterdam for the material in the previous two days, while they managed to close sales for 100-200t at USD1,900/t CIF Japan about one month ago. “I believe our price is competitive among producers, while overseas buyers still think that it is too high for them to seal the deal,” said the producer, who only received several inquiries and failed to obtain any export orders in the past week.
With a monthly output of around 20,000tpm, the producer noted that their sales volume has decreased by at least 30% in the domestic market so far in April. “Chinese stainless steel mills continued to reduce the purchasing quantity for manganese flake this month, which leads to further price decline in the domestic market and thus export prices follow to drop,” commented him.
A manganese flake 99.7% trader in South China was able to sell 200t of the material at USD1,880/t CIF Rotterdam at the beginning of April. “However, buyers refused to place orders again even after I moved down the price further to USD1,870/t CIF Rotterdam late last week,” said the trader, who has not achieved new transactions since early the month.
The trader normally exports 500-800t of manganese flake 99.7% per month, he stated that his customers have slowed down purchases in the recent one month. “Overseas end users expect the price to keep the downtrend in the short run, learning that large producers hold considerable stocks and are keen to sell for the time being,” added the trader.
A manganese flake 99.7% producer in North China quoted USD1,850/t CIF Rotterdam for the material in the previous two days, while they managed to close sales for 100-200t at USD1,900/t CIF Japan about one month ago. “I believe our price is competitive among producers, while overseas buyers still think that it is too high for them to seal the deal,” said the producer, who only received several inquiries and failed to obtain any export orders in the past week.
With a monthly output of around 20,000tpm, the producer noted that their sales volume has decreased by at least 30% in the domestic market so far in April. “Chinese stainless steel mills continued to reduce the purchasing quantity for manganese flake this month, which leads to further price decline in the domestic market and thus export prices follow to drop,” commented him.
A manganese flake 99.7% trader in South China was able to sell 200t of the material at USD1,880/t CIF Rotterdam at the beginning of April. “However, buyers refused to place orders again even after I moved down the price further to USD1,870/t CIF Rotterdam late last week,” said the trader, who has not achieved new transactions since early the month.
The trader normally exports 500-800t of manganese flake 99.7% per month, he stated that his customers have slowed down purchases in the recent one month. “Overseas end users expect the price to keep the downtrend in the short run, learning that large producers hold considerable stocks and are keen to sell for the time being,” added the trader.
Manganese Flake 99.7%min FOB China
Unit:USD/mt
China's manganese flake producers' sales to production ratio statistics by province by month
Unit: %
