Chinese Manganese Flake Exporters Cautiously Observe the Market

Due to lowered expectations from suppliers, the mainstream price of 99.7% min manganese flakes in China has decreased by 100 CNY/MT compared to yesterday, now at 13,500-13,800 CNY/MT ex-factory cash. Market participants believe that prices will remain weak in the coming days.

A producer in Chongqing revealed that they received an inquiry for 99.7% min manganese flakes at a price of 13,500 CNY/MT, but no deals were concluded. They are not actively quoting prices at the moment but remain optimistic about the long-term outlook. Their most recent transaction dates back to two weeks ago when they sold about 200 MTs at a price of 13,700 CNY/MT ex-factory cash. The producer holds a positive outlook on the market. "We have seen prices indeed hovering at low levels these days. However, since the supply remains limited, we believe prices may rebound next month," said the producer. The producer has an annual production capacity of 420,000 MTs and plans to produce 3,500 MTs this month with no current inventory.

A trader in Jiangsu disclosed that they are not actively quoting prices for 99.7% min manganese flakes now because they have already sold out all their stock. However, if the price drops below 13,400 CNY/MT, they will refuse to sell. Their most recent transaction was earlier this month, when they sold about 80 MTs at a price of 13,500 CNY/MT ex-factory cash. The trader holds a wait-and-see attitude towards the market outlook. They stated, "Recently, prices have been falling, and we will continue to monitor the market, waiting for the right price in the coming days." The trader has a monthly trade volume of about 1,000 MTs and currently has no inventory. For more price trends and product prices, please consult Hainan West Asia Import & Export.