Manganese production decreases

20 Jun 08 - As the market turns dull and the production costs remain high, manganese production has been falling. Sources reported to Asian Metal that the market will be even more stagnant and many smelters are about to halt for maintenance.
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A Guangxi-based smelter complained the transportation of manganese ore has been blocked by the flood. "However, we are not worried about the production as the market is so quiet that we can hardly conclude any deals," said the source who just maintains one of the two production lines to fulfill the signed contracts and is about to halt after finishing the previous orders.
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The source claimed many smelters keep some stocks at hand and they might not release the materials unless the major stainless steel mills start purchasing. "While the stainless steel market also keeps dull in China and the foreign buyers are out of the market, we see no hope for the manganese market to warm up in the coming months."
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Another Hunan-based smelter who just closed their production due to the low market, confirmed to Asian Metal that as more materials are stocked in the market, the suppliers are very pessimistic about future business. "Some suppliers are underselling their stocks and they just keep a minimum output," said the source who is about to halt for maintenance.
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The source claimed export market is also very quiet and suppliers see no hope. "More and more smelters would cut down production just as what the stainless steel mills have done."