This week (July 15 to July 22), the market price of 1# electrolytic manganese fell. The spot market price in East China was 16650 yuan / ton at the end of last week and 16550 yuan / ton at the end of this week, down 100 yuan / ton, down 0.6% a week.

Manganese ore: the manganese ore market performance continued to be weak this week. Manufacturers reduced purchases on demand, and the superimposed silicon manganese production reduction achieved initial results. The futures market resonated downward, the demand for manganese ore was poor, and the overall pressure was obvious. The mainstream ore showed a decline of 1 yuan / ton.

At the beginning of this week, the market quotation of electrolytic manganese was slightly chaotic as a whole, and the mainstream market price was still concentrated around 15000 yuan / ton. In terms of steel bidding, the situation of the new round of steel bidding is not ideal. Baosteel and other steel companies fell by 200 yuan / ton compared with the previous round of steel bidding, and the bidding of other steel plants fell significantly or there were unsuccessful bids. On July 22, the manganese Professional Committee of China ferroalloy industry association issued an initiative calling on more than 40 manganese member units to limit production by 60%. But the market had little effect. The downstream demand side performed poorly, and the spot price center continued to move down slightly. The downstream stainless steel enterprises have recently reduced production to a certain extent, and the demand for manganese has declined to a certain extent, so the price reduction is obviously difficult to support the price of electrolytic manganese. On the whole, the supply and demand side of the market has not changed much, and the game mentality of both parties is strong. It is expected that the market price will be stable and weak in the short term.

Manganese and silicon: according to the price monitoring of business agency, the mainstream quotation of silicon and manganese in Ningxia region (specification: femn68si18) on July 15 was around 7300 yuan / ton.

Steel plant bidding: on July 15, 2022, Angang electrolytic manganese sheet bidding: the quantity is 30 tons, and the bidding deadline is 15:00 on July 22, 2022.

On July 18, Baosteel launched a new round of bidding for electrolytic manganese. This round of bidding has 1500 tons of electrolytic manganese chips at its headquarters and 1800 tons of electrolytic manganese chips in Zhanjiang. The deadline for registration is 12:00 on July 19, and the required delivery time is before August 20.

On July 19, the bidding acceptance price of Baosteel electrolytic manganese sheet: the bidding acceptance price of the headquarters is 15500 yuan / ton, and the quantity is 1500 tons; The acceptance price of Zhanjiang bidding is 15370 yuan / ton, with a quantity of 1800 tons, which is 200 yuan / ton lower than the previous round of price.