According to the commodity market analysis system of the business community, the price of 1 # electrolytic manganese market fell slightly this week (from July 14 to July 21). The price of Spot market in East China was 15900 yuan/ton on July 14, down 0.93%.

In terms of manganese ore: This week, the manganese ore market maintained a weak trend of consolidation. As steel mills gradually entered the factory through bidding, the activity of manganese ore inquiries increased. The actual transaction situation was average, with manufacturers mainly purchasing in small quantities and prices showing slight confusion. The Qinzhou Port manganese mine has seen mixed ups and downs, with a relatively low supply of South African iron ore and a high concentration of cargo rights. The quotation has increased by about 1 yuan/ton compared to the beginning of the week, and the actual transaction price has also increased, while other minerals have declined to varying degrees. As of July 21, the overall price of Port of Tianjin fluctuated slightly, with South Africa’s semi carbonate of 30.8-31 yuan/ton, Australia’s 39-39.5 yuan/ton and Gabon’s 37.3-37.5 yuan/ton; The transaction price of semi carbonic acid in Qinzhou Port is around 29.8 yuan/ton, the price of high grade Australian seeds is around 36 yuan/ton, the price of Australian blocks is 39 yuan/ton, the price of Gabon is 37-37.5 yuan/ton, and the price of high grade South Africa is 37.5-38 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 chart above, it can be seen that prices have been declining for five consecutive months since December 2022. After a slight recovery in May, prices have been declining for five consecutive weeks since June.

The electrolytic manganese market has been operating weakly this week, with mainstream prices ranging from 14100 to 14200 yuan/ton, a decrease of 100 to 200 yuan/ton compared to last week. Recently, the overall market has been weak. After entering June, the electrolytic manganese market has been declining for five consecutive weeks, with slightly lower market sentiment and a narrow decline in the market. The overall downstream demand is weak. The changes in supply and demand are limited, and the realization is still weak. The performance of steel recruitment has been poor this week, with prices continuing to decline and market inquiries being weak. The downstream market still performs weakly, with a strong attitude towards price pressure, and the market continues to decline. The FOB price is between 1920-1950 US dollars per ton, a decrease of 30 US dollars per ton compared to last week. Overall, downstream demand is still weak, and it is expected to remain weak in the future, waiting for more guidance on steel bidding prices.

This week, the silicon manganese market performed well, driven by the rise in market prices, spot prices briefly stopped falling and stabilized, and the market’s low sentiment slightly stabilized. According to the Commodity Market Analysis System of the Business Society, the market quotation for silicon manganese in Ningxia region (specification FeMN68Si18) on July 21st was around 6400-6550 yuan/ton, with an average market price of 6463 yuan/ton.

Related data:

On July 23, the base metal index stood at 1214 points, unchanged from yesterday, a decrease of 24.88% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 89.10% from the lowest point of 642 points on November 24, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of Business Society, there were a total of 12 commodities in the non-ferrous sector on the list of commodity prices rising and falling in the 29th week of 2023 (7.17-7.21), of which 3 commodities increased by more than 5%, accounting for 13% of the monitored commodities in this sector; The top three commodities in terms of increase were dysprosium metal (7.01%), dysprosium iron alloy (6.30%) and Dysprosium(III) oxide (6.02%). There are a total of 7 products that have decreased compared to the previous month, with cobalt (-3.55%), copper (-1.09%), and antimony (-0.98%) being the top 3 products in terms of decline. This week’s average increase or decrease was 0.95%.