Although manganese ore price keeps high, and the supply of manganese ore is tight, manganese flake price continues to go down, and most manganese smelters are more hesitant to sell with the thin profit. Some of smelters halted production and decided to leave the market for the time being. At the same time, the export price of manganese flake moves down accordingly, and the market is very quiet.
A manganese flake smelter in Guizou, with an output of around 2,500tpm, revealed to Asian Metal that he is fulfilling some long-term orders signed with some regular steel mills, and current manganese flake price goes down to about RMB14,400/t (USD2,108/t) ex works. "Few smelters start to sell at about RMB14,300/t (USD2,094/t) ex works in Jishou, and I still hold some orders to fulfill and does not want to sign any orders with the low price," said the source.
Few inquiries from overseas market are received, and the source does not sign any export orders these two weeks, offering USD2,750-2,800/t FOB for manganese flake. He claimed that the export volume is decreasing with the manganese price dropping.
Another manganese flake smelter in Chongqing, with an output of around 1,200tpm, revealed to Asian Metal that current manganese flake price is around RMB14,400/t (USD2,108/t) ex works, and there is still a room for it to move down continuously in the coming days, while the demand from consumers does not increase. Owning manganese ore resources, the source confirmed is reluctant to sell for the thin profit, and no deald are concluded these days.
Some small sized manganese smelters who depand on buying manganese ore start to halt producion with the negative profit, and there are not many materials available in spot market. On the other side, consumers are still not eager to buy, and the manganese market is still in thin trading in China.
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