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Market participants reported that consumers kept watching the manganese market instead of purchasing stocks in November, and do not hold many inventories for the moment, they started to replenish stocks these days. While the downstream demand recovers a bit, manganese flake smelters are confident about the future market. Offering RMB17,800/t (USD2,669/t) ex works for manganese flake, another source from a manganese flake plant in Guangxi, with the monthly output of about 1,500t, reported to us that he sold 300t to middle-low carbon ferromanganese producers this Wednesday at RMB17,700/t (USD2,654/t) ex works. “The trading volume increased a bit these several days, and I do not hold many inventories on hand,” said the source. However, the source claimed that though most exporters offer about USD3,400-3,450/t FOB China, actually it is difficult for foreign consumers to accept the price of above USD3,400/t FOB China.
A Hunan-based official from a manganese flake plant, with the monthly output of about 600t, reported to us that he does not make deals with steel mills directly, but does business with middle-low carbon ferromanganese producers and traders.
“Market participants started to return the market to enquire actively, and the trading volume is increasing. Current manganese flake price has risen to RMB17,700-17,800/t (USD2,654-2,669/t) ex works, and I sold 100t at about RMB17,700/t (USD2,654/t) ex works this week,” said the source.
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