According to the commodity market analysis system of Business Society, the 1 # electrolytic manganese market operated weakly this week (April 15th to April 22nd), with market prices in the East China region dropping 0.37% to 13500 yuan/ton on April 22nd.
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In terms of manganese ore: This week, the Tianjin Port manganese ore market saw a significant increase, with manganese ore prices continuing to rise near the holiday, and transactions showing some improvement. In terms of prices, South African semi carbonates were sold at 37.5-38 yuan/ton, South African high-speed railways were sold at 28.5 yuan/ton, Gabon at 40.5-41 yuan/ton, and Australia at 42-42.5 yuan/ton. This week, the sentiment of price support in the Qinzhou Port manganese ore market dominated, with some miners holding back and reluctant to sell. Due to limited demand in the south, the mid week increase was relatively flat. Semi carbonated carbon costs 35.5-36 yuan/ton, Australia 40 yuan/ton, Gabon 39 yuan/ton, South Africa high-speed rail 29-29.3 yuan/ton.
K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the weekly and monthly electrolytic manganese K-bar charts above, it can be seen that the recent trend of the electrolytic manganese market is relatively weak.
This week, the electrolytic manganese market continued to operate steadily with a weak trend. The mainstream price in the market this week was concentrated between 12000 to 12100 yuan/ton, which was unchanged from last week’s price. Under the mentality of supply-demand competition, the recent fluctuations in the spot market have been limited. In terms of supply, the recent changes in operating rates have been limited, and the supply is relatively stable. Currently, prices are close to the cost line, and production enterprises have average enthusiasm for shipping, with a strong attitude of price support. In terms of demand, downstream enterprises replenish their inventory as needed. As the May Day holiday approaches, most downstream enterprises have pre holiday stocking needs, but overall they tend to have a strong demand. The recent performance of steel recruitment has been weak, with most of the steel recruitment prices currently introduced falling, dragging down market sentiment, and the spot market leaning towards wait-and-see. Under the mentality of supply-demand competition in the future market, it is expected that the electrolytic manganese market will continue to operate weakly in the short term due to the lack of demand support, and the downward space is limited due to cost support.
Related data:
This week, the silicon and manganese market has been fluctuating strongly, and the current increase in spot prices of silicon and manganese still does not match the speed of increase in raw material prices. The first round of increase in coke prices has started this week, with a cumulative increase of 100-110 yuan/ton, and the cost of silicon and manganese has increased by 90 yuan/ton. At the same time, various varieties of manganese ore have shown different ranges of increase, and there is a strong reluctance to sell in mines. High priced ore in the market continues to increase. According to the commodity market analysis system of Business Society, the market price of silicon manganese in Ningxia region (specification FeMN68Si18) was around 5850-5950 yuan/ton on April 19th, an increase of about 150 yuan/ton compared to last week.
Steel recruitment situation:
The bidding price of Jiangsu Shagang Metal Manganese Ingots, including tax, is priced at 12750 yuan/ton for factory acceptance, a decrease of 300 yuan/ton from March. Quantity: to be determined. Delivery date: to be determined.
The bidding price for metal manganese ingots at Baowu Egang in April 2024, including taxes, was priced at 12600 yuan/ton upon acceptance, a decrease of 200 yuan/ton from March. The quantity is 100 tons, and the delivery date is April 30, 2024.
Industry data:
On April 21st, the base metal index was 1293 points, unchanged from yesterday, a decrease of 19.99% from the highest point in the cycle of 1616 points (2022-03-09), and an increase of 101.40% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).
On April 21st, the non-ferrous index was at 1204 points, unchanged from yesterday, a decrease of 21.72% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 98.35% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).
According to the price monitoring of Business Society, in the 16th week of 2024 (4.15-4.19), there were a total of 9 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. The top 3 commodities with the highest increase were tin (4.79%), copper (3.62%), and lead (2.09%). There are a total of 8 products with a month on month decline, and the top 3 products with the largest decline are aluminum (-1.93%), dysprosium oxide (-1.48%), and cobalt (-1.25%). The average increase and decrease this week is 0.32%.
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