According to the commodity market analysis system of the Business Society, the 1 # electrolytic manganese market is temporarily stable this week (November 3rd to November 10th), and the market price in the East China region was at 13750 yuan/ton on November 10th, which is temporarily stable.

In terms of manganese ore: The manganese ore market has been operating weakly this week, with mainstream steel bidding prices falling short of expectations and slightly fluctuating sentiment. As prices gradually weaken, market inquiries for low-priced goods have increased, and there have been low-priced shipments this week. The decline in prices for semi carbonated acid has slowed down this week, while oxide ore continues to decline. The operating rate in the southern market has decreased, demand has weakened, inquiries have decreased, and buyers and sellers have continued to deadlocked. However, the southern market is currently in the buyer’s market, Mainstream quotation factories have responded less, and shipping prices continue to decline. Manganese ore spot prices are upside down, and some traders insist on quoting, resulting in chaotic market prices. In terms of price, as of November 10th, Tianjin Port South non semi carbonated carbon dioxide is around 30.5-31 yuan/ton, Gabon is around 35.5 yuan/ton, and Australia is around 36.5 yuan/ton; The price of semi carbonic acid in Qinzhou Port is around 29.8 yuan/ton, Australian dollars are 37.5 yuan/ton, high Australian seeds are around 34.5 yuan/ton, and Gabonese dollars are around 36 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 been declining for five consecutive months since December 2022. After a slight recovery in May, prices have been declining for three consecutive months since June, and the antimony ingot market has fluctuated narrowly since mid August.

This week, the price of electrolytic manganese in the market is temporarily stable, and the overall market atmosphere is weak. The mainstream domestic market price is between 12200-12400 yuan/ton, which is unchanged from last week. Downstream pressure on prices remains strong, and some overseas steel bidding prices were introduced this week, resulting in an overall downward trend in prices, which has had a certain impact on the domestic market mentality. In the middle of the week, with the introduction of domestic steel bidding prices, the overall price has increased by 100-200 yuan/ton, and the domestic market mentality has slightly recovered. Overall, overseas steel recruitment has performed poorly, with a strong wait-and-see sentiment in the market. Downstream demand has always been difficult to quantify, and support for the upstream market is limited. Waiting for more guidance on steel bidding in the future. In the future, the market is on the wait-and-see side and will continue to operate weakly in the short term.

This week, the silicon manganese market has been fluctuating, with steel mills bidding at low prices and manufacturers having varying attitudes. Most regions are in a loss situation and have chosen to deliver on the market to alleviate some financial pressure. The transaction situation is average, with a slight accumulation of inventory. According to the Commodity Market Analysis System of the Business Society, the market price of silicon manganese in Ningxia (with a specification of FeMN68Si18) was around 6450-6550 yuan/ton on November 10th, with an average market price of 6503 yuan/ton, a decrease of 0.59%.

Related data:

According to customs data, the total export volume of unwrought manganese, manganese waste and powder (electrolytic manganese) in August 2023 was about 21544.947 tons, a decrease of about 15.97% compared to the previous month (July export volume was 25639.34 tons), and an increase of about 8.7% compared to last year (August export volume was 19820.931 tons). In August 2023, the total import volume of unwrought manganese, manganese waste and powder (electrolytic manganese) was about 4000.015 tons, a decrease of about 34.43% compared to the previous month (6100 tons in July), and an increase of about 300% compared to the previous year (about 1000.01 tons in August last year).

On November 12th, the base metal index stood at 1186 points, unchanged from yesterday, a decrease of 26.61% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 84.74% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of the Business Society, there were three commodities in the non-ferrous sector that rose month on month in the 45th week of 2023 (11.6-11.10) commodity price rise and fall list, with tin (1.49%), zinc (0.65%), and magnesium (0.16%) ranking among the top three commodities. There are a total of 16 products that have decreased compared to the previous month, with the top 3 products falling respectively being dysprosium oxide (-2.47%), dysprosium iron alloy (-1.92%), and praseodymium oxide (-1.90%). This week’s average increase or decrease was -0.79%.