Electrolytic Manganese Prices Are Lower in China

At present, China's downstream demand for electrolytic manganese continues to be weak, and most downstream customers lower prices, resulting in China's electrolytic manganese 99.7% lower prices. On Monday, the mainstream price of 99.7%min of electrolytic manganese in China was 10,300-10,500 yuan/ton ex-factory cash, down 100 yuan/ton from last Friday. Given the weakness of downstream demand, market participants expect China electrolytic manganese prices will continue to decline slightly in the coming week.

A south China producer on Saturday offered rmb10,500 / ton ex-factory cash for 99.7% of electrolytic manganese, rejecting any counter-offer, down rmb200 / ton from last Monday. "We shipped 60 tonnes at rmb10,500 per tonne on Saturday and 30 tonnes at rmb10,900 per tonne earlier this month," the producer said, revealing that its customers refused to buy electrolytic manganese at rmb10,500 per tonne on Monday. Given that demand for electrolytic manganese in China will remain low next week, the producer expects prices to show a downward trend in the coming week.

The producer has an annual capacity of 10,000 tons of electrolytic manganese at 99.7% per min, with production of about 540 tons in November, and is expected to maintain flat production in December with 100 tons in stock.

"At present, we are offering 10,300 yuan/ton ex-factory cash for 99.7 percent min of electrolytic manganese and do not accept any counter-offer. The lowest price acceptable last Wednesday was 10,400 yuan/ton," said a producer from southwest China. The factory last Wednesday shipped 100 tons at 10,400 yuan per ton, and no deal has been reached this week. The producer expects prices to fall in the coming week due to weak demand from downstream customers, which have mostly kept prices low.

The producer has an annual capacity of 65,000 tons of electrolytic manganese at 99.7%min, and is expected to produce about 4,200 tons in December, unchanged from the previous month.