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[Ferro-Alloys.com]In recent period, it seemed that Chinese electrolytic manganese metal market kept tumbling. Flake price dropped to RMB11,700-11,900/mt from RMB11,900-12,100/mt in early month. As for export market, price still lingered about USD2,000-2,040/mt FOB with poor transaction.

In fact, continuous downturn market brings about huge pressure on electrolytic manganese metal companies. Under such circumstance, varies cost between factories would give rise to different results. What’s more, worse market aggravates competition among electrolytic manganese metal participants.

As for future market tendency, it seems that companiese tend to hold different attitudes. One big company based in Ningxia area said that whether or not price rebound would likely to still depend on downstream market, and the quotation of electrolytic manganese metal flake is currently fixing at RMB12,100/mt to Tianjin port. In Hubei, one local large factory said the company already stopped production in early this year because of sluggish market. As stockpiles consuming, the company planed to resume operation in this week.Actually, RMB12,000/mt price already been hard to make deal according to producer in Chongqing. However, since current sale price dropped to the low point, the chances of that price can maintain steady latter would be great given shrinking spot supply.   

In short, it is estimated that electrolytic manganese metal market would be hard to get out of trouble in short period as non-performance of stainless steel mills.

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• [Editor:Sophie]