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| Manganese Flake |
Maintenance Shutdown Precedes Lunar New Year Holiday
Jingxi Daxinan, a Chinese manganese flake producer, will halt its daily output of 30-40 tonnes next week. This stoppage is for equipment maintenance prior to the Lunar New Year holiday. The company plans to restart production mid-February. Located in Jingxi city, Guangxi province, the smelter boasts a 20,000 tonne annual capacity.
Market Stability and Producer Challenges
Manganese flake prices have remained stable since December 12, 2024. This follows an earlier price surge. Stainless steelmakers resist higher offers. They cite rising manganese alloy prices, a substitute material. Some smaller producers struggle with profitability. They lack in-house mines or power plants. Low demand from stainless steel sectors hinders price increases. Several producers are halting operations for maintenance. This happens before the Lunar New Year holiday. Hubei Letong and Tongren Hecheng also stopped production. Domestic 99.7pc grade flake prices are at 12,300-12,500 yuan/tonne. Prices should remain steady. Producers will hold firm. Rising sulphuric acid and ferro-alloy prices support flake prices. This offsets low stainless steel demand.
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