China's electrolytic manganese flake export price maintained its one-year low on Friday June 19 on lower offers from traders amid sluggish overseas demand, sources said.
Fastmarkets' weekly price assessment for manganese 99.7% electrolytic manganese flake, fob China was $1,430-1,500 per tonne on Friday June 19, unchanged from a week earlier. This is a new annual low since June 21, 2019, when the price stood at $1,820-1,880 per tonne.
At one time, the price temporarily surged to $1,850-1,950 per tonne on February 14 this year due to tight prompt cargoes following disrupted production and restricted logistics amid the Covid-19 outbreak in China.
The manganese flake export market soon entered a downtrend, however, amid increased spot supply and reduced...