This week (April 7 to April 14), the price of 1 # electrolytic manganese market dropped slightly, and the market atmosphere was weak. The spot market price in East China was 16350 yuan/ton last weekend and 16300 yuan/ton this weekend, down 0.31%.

In terms of manganese ore: The overall performance of the manganese ore market is relatively weak. Although the transaction situation at Tianjin Port has improved, the market situation is still in a weak state, and prices have also shown a certain downward trend, mainly concentrated in oxidized ore. Compared to South Africa, prices are relatively stable, but there are also a few cases of selling at low prices. Inquiries in Qinzhou Port have weakened, the manufacturer’s operating rate is low, the price is significantly lower than the market price, and it is difficult to clinch a deal. Traders’ willingness to voluntarily offer has decreased, and a single negotiation is needed. As of April 14th, the mainstream transaction of semi carbonated carbon in Tianjin Port is around 33 yuan/ton, with Australian dollars ranging from 43 to 44 yuan/ton, Gabon’s from 38.5 to 39 yuan/ton, and South African high-speed rail at around 31.5 yuan/ton; The quotation for semi carbonic acid in Qinzhou Port is 33.5-34 yuan/ton, the price for Australia is 43.5-44 yuan/ton, and the price for Gabon is 39.5-40 yuan/ton.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments 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 prices have slightly decreased since December 2022, and have continued to decline after temporarily stabilizing in January. As of now, electrolytic manganese has been declining for four consecutive months.

The price of European strategic small metal manganese has slightly decreased this week, reaching $2260/ton on April 14th, with a decrease of $50/ton during the cycle. Recently, the market negotiation atmosphere has been limited, and there is a strong wait-and-see sentiment.

The overall performance of the electrolytic manganese market this week is weak, with mainstream domestic prices ranging from 14700 to 14900 yuan/ton, which is basically unchanged from last week. In terms of supply, some enterprises in the main production areas have recently ceased production, and supply is expected to be slightly tight. There have been few recent changes in demand, but after the release of information on Puhang’s recent bidding, the market has received high attention and is waiting for the final bidding results to be announced. Overall, supported by tight supply, smelters have shown a slight upward trend in prices recently, and the bearish atmosphere in the market has gradually decreased. However, actual transactions are still limited, and there are no obvious signs of improvement in trading. The market is relatively cold, with FOB prices ranging from $2100 to $2140 per ton, slightly increasing. In the future, it is expected that the weak and stable operation will be the main focus, and more guidance on steel bidding prices will be awaited.

The inquiry for raw material manganese ore is poor, with cold transactions and two rounds of coke reduction. The market atmosphere is still slightly weak. Although the bidding price of Hegang has been determined and the market is clear, which has prompted a slight increase in prices, the overall demand for silicon and manganese is still poor and cannot change the sluggish situation of silicon and manganese. According to the price monitoring of the Business Society, the market price of silicon manganese in Ningxia region (specification FeMN68Si18) was around 6900-7050 yuan/ton on April 14th, with an average market price of 7008 yuan/ton.

Related data:

According to customs data, the total export volume of unwrought manganese, manganese waste and powder (electrolytic manganese) in January 2023 was approximately 32683.5 tons, an increase of 31.1% compared to December. In January 2023, the total import volume of unwrought manganese, manganese waste and powder (electrolytic manganese) was approximately 2200.5 tons, a decrease of approximately 56.02% compared to December.