Manganese export market sees lower prices at around USD3,900-3,950/t CIF Rotterdam this week with some Chinese suppliers offering much lower prices of around USD3,850-3,900/t FOB. And many of them are facing difficulties in getting through the Customs.
AA Hunan-based suppliers claimed that they just concluded some small deals at prices of USD3,850-3,900/t FOB with buyers from European countries. "Manganese demand is very weak this month with few inquiries from the foreign buyers," said the source. "Though many suppliers insist on offers of USD3,900-3,950/t FOB or even higher prices of USD4,000-4,050/t FOB, some exporters still with some stocks at hand are selling at much lower prices of USD3,850-3,900/t FOB." The source claimed that they have to release some materials for cash turnover and could not await for higher prices which is expected in late September.
AThe source reported that the current price level in Shenzhen Customs is much higher than their concluded price and they have to pay extra money to get through the Customs. "This adds to the export cost and makes our business less profitable."
Another Hunan-based trader who offers USD4,000/t FOB failed to attract any foreign buyers. "Many buyers are hesitant to purchse, claiming the price too high," said the source who complained that some suppliers are selling at much lower prices of USD3,850-3,900/t FOB. "That can be profitable for the smelters but we traders could not accept such a price due to few profits." The source has no strong intention of exporting for the moment and most of their deals are signed with domestic buyers at the moment.
The source also claimed that some foreign buyers are getting the material through Hai Phoon port in Vietnam. "I don't know how could domestic suppliers deliver their material through Vitenam but I believe the price can be much lower there, so they can avoid the high price floor at the moment."
AA Hunan-based suppliers claimed that they just concluded some small deals at prices of USD3,850-3,900/t FOB with buyers from European countries. "Manganese demand is very weak this month with few inquiries from the foreign buyers," said the source. "Though many suppliers insist on offers of USD3,900-3,950/t FOB or even higher prices of USD4,000-4,050/t FOB, some exporters still with some stocks at hand are selling at much lower prices of USD3,850-3,900/t FOB." The source claimed that they have to release some materials for cash turnover and could not await for higher prices which is expected in late September.
AThe source reported that the current price level in Shenzhen Customs is much higher than their concluded price and they have to pay extra money to get through the Customs. "This adds to the export cost and makes our business less profitable."
Another Hunan-based trader who offers USD4,000/t FOB failed to attract any foreign buyers. "Many buyers are hesitant to purchse, claiming the price too high," said the source who complained that some suppliers are selling at much lower prices of USD3,850-3,900/t FOB. "That can be profitable for the smelters but we traders could not accept such a price due to few profits." The source has no strong intention of exporting for the moment and most of their deals are signed with domestic buyers at the moment.
The source also claimed that some foreign buyers are getting the material through Hai Phoon port in Vietnam. "I don't know how could domestic suppliers deliver their material through Vitenam but I believe the price can be much lower there, so they can avoid the high price floor at the moment."
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