According to the Commodity Market Analysis System of the Business Society, the 1 # electrolytic manganese market slightly decreased this week (November 10th to November 17th). The market price in East China was at 13700 yuan/ton on November 17th, a decrease of 0.72%.

In terms of manganese ore: This week, the manganese ore market maintained a consolidation trend. With the fluctuation of the market, the sentiment of miners towards low-priced shipments weakened, and the enthusiasm of downstream buyers increased compared to the previous period. Market sentiment slightly improved, and the trend of manganese ore stabilizing appeared. In terms of price: Tianjin Port semi carbonic acid is priced at 30.5-31 yuan/ton, South African high-speed rail is priced at 29.5-30 yuan/ton, and the decrease in oxidized ore is decreasing. Australia is stable at around 36.5 yuan/ton, with quotes ranging from 36.5-37.5 yuan/ton, and Gabon is priced at 35.5 yuan/ton. Qinzhou Port prices continue to be weak, and the delivery situation is average. South African semi carbonic acid is priced at 29.8-30 yuan/ton, Gabon is priced at 36 yuan/ton, Australia is priced at 37.5 yuan/ton, and Australia is priced at 34.5 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.

The overall performance of the electrolytic manganese market this week was weak, and the market atmosphere was poor. The market price was between 12100 and 12300 yuan/ton, a decrease of about 100 yuan/ton compared to last week. There have been no significant changes in supply and demand this week, and there have been no latest steel bidding prices released during the week. The overall guidance for the market is limited. There are few spot market quotes in the middle and later stages of the week, and the market atmosphere is weak, resulting in a slight decrease in prices. This week, mainstream domestic manufacturers began bidding, and the spot market is waiting for a new round of steel bidding price guidance. Overall, the market has a strong wait-and-see sentiment, and downstream demand has always been difficult to quantify, with limited support for the upstream market. In the future, the market is on the wait-and-see side and will continue to operate weakly in the short term.

The consolidation of the silicon manganese spot market is weak, and the market quotation is not active. The downstream inquiry atmosphere is strong, and transactions have improved. The price difference between the quotation and the transaction has widened. According to the Commodity Market Analysis System of the Business Society, the market price of silicon manganese in Ningxia region (specification FeMN68Si18) was around 6450-6550 yuan/ton on November 17th, with an average market price of 6513 yuan/ton.

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 19th, the non-ferrous index stood at 1109 points, unchanged from yesterday, a decrease of 27.89% from the cycle’s highest point of 1538 points (2021-10-18), and an increase of 82.70% from the lowest point of 607 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 five commodities in the non-ferrous sector that rose month on month in the 46th week of 2023 (11.13-11.17) commodity price rise and fall list, with silver (3.97%), copper (1.29%), and lead (1.15%) ranking among the top three commodities. There are a total of 15 products that have decreased compared to the previous month, with the top 3 products falling respectively being dysprosium metal (-3.69%), dysprosium iron alloy (-3.14%), and nickel (-3.00%). This week’s average increase or decrease was -0.96%.