Manganese flake price continues to rise

Participants disclosed to Asian Metal that manganese flake price continues to rise a bit to about RMB14,900-15,000/t (USD2,182-2,196/t) ex works in domestic market, after the price went up a bit late last week. There are no export deals of manganese flake after the holiday, though inquiries from overseas market increased a bit.

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A manganese flake smelter in Hubei, with an output of about 4,800tpm, confirmed to Asian Metal that domestic manganese flake price continues to rise a bit to about RMB14,900-15,000/t (USD2,167-2,182/t) ex works, from RMB14,800-14,900/t (USD2,167-2,182/t) ex works late last week. "I don't sell at below RMB14,900/t (USD2,182/t) ex works, and big sized steel mills will start the tenders early this month," said the source.

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With the world economy improving, inquiries for manganese flake from overseas market increases a bit, reported the source, putting the export offer at about USD2,820/t FOB. However, foreign customers are still hesitant to buy for now, and no new export deals are concluded after the holiday.

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Another manganese flake smelter in Guizhou province, with an output of 2,000tpm, told Asian Metal that mainstream manganese flake price increased to RMB14,900-15,000/t (USD2,167-2,182/t) ex works, from RMB14,800-14,900/t (USD2,167-2,182/t) ex works late last week, but he managed to make a deal of 100t at RMB15,100/t (USD2,211/t) ex works last Friday, although the domestic market has not been active yet.

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According to the source, no export deals are concluded, with the export offer of about USD2,835/t FOB for manganese flake. For the moment, the demand from overseas market has not recovered yet, and it is impossible to concluded a deal at USD2,850/t FOB.