The market price of 1 # electrolytic manganese was temporarily stable this week (September 9 to September 16). The spot market price in East China was 16600 yuan/ton last weekend and 16600 yuan/ton this weekend, which was flat.
Manganese ore: After falling all the way in the previous period, the manganese ore market is running well this week, and the price has been raised under the condition that the silicon manganese alloy market is running well, the port’s available goods supply is reduced, and the factory’s inquiry and procurement atmosphere has improved significantly. Among them, the manganese ore block in Tianjin Port is reported as 45-45.5 yuan/ton, the semi carbonic acid is 34.5-35 yuan/ton, the Gabonese block is 42-42.5 yuan/ton, and the Gabonese seed is 39.5-40 yuan/ton; Qinzhou Port mainstream Australia reported 45-46 yuan/ton, semi carbonic acid 34.5-35.5 yuan/ton, Gabon 42-42.5 yuan/ton, and the cumulative adjustment range within the week was about 1 yuan/ton.
The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the weekly and monthly K column chart of electrolytic manganese above that electrolytic manganese has continued to decline since March 2022, and the price has continued to stabilize temporarily after a slight rise at the end of August.
The market price of electrolytic manganese is temporarily stable this week. The quotations of major domestic manufacturers are above 16000 yuan/ton, and the mainstream market price is still around 15300 yuan/ton. The implementation of production restriction and reduction in the domestic alliance from August to December has led to a decline in recent output and a slight tension in the overall market supply. In terms of downstream demand, the market continues to fluctuate slightly in the near future, and the downstream receiving intention is still low. Major manufacturers in major domestic production areas maintain long-term orders, and the market circulation supply is limited. Recently, the situation of steel bidding has recovered slightly, and some steel plants that have suspended steel bidding have started to resume procurement, which has some support for the market. However, due to downstream demand, it is expected that the future market price will remain stable, weak and difficult to move up.
Manganese and silicon: When the price of the new round of silicon manganese alloy bidding of Hegang Group was finalized before the festival and the market direction was clear, the market was resumed after the festival. All major steel mills and traders successively carried out the procurement of silicon manganese alloy in September (some have begun to stock up silicon manganese alloy in October). The overall atmosphere of inquiry and procurement was obviously active. According to the price monitoring of the business community, the market price of silicon manganese in Ningxia (specification: FeMN68Si18) was about 7050-7150 yuan/ton on September 16.