Manganese flake up by 13% on logistics constraints; pressure mounts in Europe

Logistics constraints caused by the transport system lockdown in China, imposed to contain the Wuhan coronavirus outbreak, were pushing European prices upward with inventory levels falling in Rotterdam.

At the same time, the delays were adding to the pressure on traders which need to restock. Chinese material was not expected to arrive in European ports at least until March, Fastmarkets understands.
Fastmarkets’ price assessment for manganese 99.7% electrolytic manganese flake, in-whs Rotterdam, rose to $2,000-2,180 per tonne on Wednesday February 5, up by 13% from $1,800-1,900 per tonne on January 31.

Prices have been following an uptrend, initially motivated by low stocks during the steel...

Published

Cristina Belda

February 06, 2020

18:00 GMT

London