European Electrolytic Manganese Flakes Market Is Slow.

Due to the inactivity of most downstream customers, some suppliers have had to reduce prices to stimulate sales. Therefore, the current mainstream price for Electrolytic Manganese Flakes 99.7%min is $1,950-2,000/MT at Rotterdam warehouse, a decrease of $50/MT compared to last week. As most suppliers have high inventory levels and downstream customers are not in a hurry to make purchases, industry experts believe that the mainstream price of Electrolytic Manganese Flakes 99.7%min in Europe will further decline slightly in the coming week.

This week, a European trader revealed that their target price for Electrolytic Manganese Flakes Flakes purchased at a Chinese port is FOB $1,800/MT. Considering the impact of shipping costs due to the issue in the Red Sea, the price to Rotterdam has also exceeded $1,900/MT.

Currently, the quoted price for Electrolytic Manganese Flakes 99.7%min at the Rotterdam warehouse is $2,000/MT, and they are willing to accept offers as low as $1,980/MT. Last week, their quote was $2,020/MT, and the counteroffer was not more than $20/MT.

A European trader mentioned that this week they only received 2 inquiries and did not conclude any transactions. In the middle of last week, they sold 20 metric tons at a price of $2,000/MT. Due to the lack of active market procurement and sluggish demand, Hainan Xiya predicts that the mainstream price of Electrolytic Manganese Flakes 99.7%min in Europe will further decline in the coming week.

For more market trends and quotes, please consult HAINAN WEST ASIA IMPORT & EXPORT GROUP.