Chinese Mn Flakes Exporters Raise Offers

BEIJING (ASIA METALS) 2024-6-19 Driven by bullish expectations in the domestic market, manganese flake exporters raised their quotations in anticipation of higher selling prices. The current manganese flake 99.7%
is currently being offered at a mainstream export price of $1,880-1,910/mt FOB China. Market participants are taking a wait-and-see attitude towards the outlook.
A producer in Guangxi revealed that they quoted a price of $2,150/mt FOB China for Mn Flake 99.7%i to their customers, but no deal was made. Now they are sticking to the price of $2,100/mt.
up, while last week they were still offering $1,900/mt to potential buyers. Their most recent deal dates back to earlier this month, when they sold about 100 tons at $1,940/mt FOB China
at $1,940/mt FOB China. The producer is taking a wait-and-see approach to the market outlook. They said: “As we have already booked most of our production for this month, we are now watching the market and will only sell at the right price.
watching the market and selling only at the right price,” they said.
The producer, which has an annual capacity of 30,000 metric tons, plans to produce 2,000 metric tons this month and currently has no inventory.
A trader in Chongqing said they are now quoting $2,120/mt for manganese flake 99.7%mi. Last week, their offer was still $1,910/mt, and they accepted $10/mt
of return orders. Their latest transaction dates back to last week, when they sold around 50 tons at $1,890/mt FOB China. The trader is now closely monitoring the
market. As suppliers in the domestic market are now reluctant to sell at lower prices, we expect that prices in the export market may also rise,” they said.