According to the Commodity Analysis System of Business Society, the domestic tetrahydrofuran market prices fluctuated and fell in November, with an upward trend in prices at the end of the month. The average price of tetrahydrofuran in the mainstream domestic market has dropped from 13075.00 yuan/ton at the beginning of the month to 12775.00 yuan/ton at the end of the month, a decrease of 2.29%, and the end of month price has dropped by 9.72% year-on-year.

From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have slightly decreased this month, with average inventory levels.

From a cost perspective: In November, the market price of maleic anhydride first fell and then rose. The price of maleic anhydride first fell from 7312.00 yuan/ton at the beginning of the month to 6932.00 yuan/ton on November 9th, a decrease of 5.20%, and then rose to 7160.00 yuan/ton at the end of the month, an increase of 3.29%. Overall, the market price of maleic anhydride in November fell slightly by 2.08%, and the price at the end of the month increased by 2.29% year-on-year. In November, the market for 1,4-butanediol experienced a significant decline. The price of 1,4-butanediol decreased from 10157.14 yuan/ton at the beginning of the month to 9628.57 yuan/ton at the end of the month, a decrease of 5.20%. The price at the end of the month decreased by 0.90% year-on-year. The upstream raw material market prices have dropped significantly, with insufficient cost support. Due to the impact of supply and demand, the price of tetrahydrofuran has been negatively affected.

From the demand side, the price of spandex in the market decreased slightly in November. The price of spandex decreased from 33750.00 yuan/ton at the beginning of the month to 32575.00 yuan/ton at the end of the month, a decrease of 3.48%, and the price at the end of the month decreased by 11.24% year-on-year. The downstream spandex market price has slightly declined, and downstream customers have weakened their enthusiasm for purchasing tetrahydrofuran.

Looking at the future: In mid to early December, the domestic tetrahydrofuran market may experience a slight fluctuation and decline. The upstream market for maleic anhydride and 1,4-butanediol has experienced a significant decline, with insufficient cost support. The downstream spandex market has slightly declined, and downstream demand has weakened. Business Society’s tetrahydrofuran analyst believes that in the short term, the domestic tetrahydrofuran market may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials.

On November 29th, the crude benzene commodity index was 99.69, a decrease of 2.06 points from yesterday, a decrease of 24.39% from the highest point in the cycle of 131.84 points (2013-01-28), and an increase of 226.42% from the lowest point of 30.54 points on April 8th, 2020. (Note: The cycle refers to 2011-09-01 present).

According to the commodity market analysis system of Business Society, the crude benzene market experienced a downward trend in November 2023, with the domestic ex factory price of crude benzene at 6673.75 yuan/ton at the beginning of the month and 6216.25 yuan/ton at the end of the month, a monthly decrease of 6.86%.

Crude oil prices: The international oil market has been weak and volatile during the cycle, with international crude oil futures prices continuing to rise as of November 29th. The settlement price of the main WTI crude oil futures contract in the United States was $77.86 per barrel, with an increase of $1.45 or 1.9%. The settlement price of the Brent crude oil futures main contract was 82.88 yuan/barrel, an increase of 1.41 US dollars or 1.8%. Business Society crude oil analysts believe that on a macro level, the recent weakening of the US dollar may provide support for oil prices. From the perspective of supply and demand, oil prices tend to fluctuate within a range on the eve of the OPEC+meeting, mainly due to news disturbances. Future supply expectations depend on the formulation and implementation of OPEC+production policies, and tight supply expectations can hedge against the risk of declining demand. The future supply-demand game will intensify, and oil prices are likely to experience broad fluctuations.

K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell 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. The weekly K-bar chart of pure benzene shows that the pure benzene market has seen more declines and less gains in recent times.

The ex factory price of Sinopec pure benzene has been lowered four times in November, with a cumulative decrease of 850 yuan/ton. The listed price of Sinopec pure benzene continues to be implemented at 7200 yuan/ton.

Other companies: Jingbo Petrochemical quoted 6900 yuan/ton, HSBC Petrochemical quoted 7200 yuan/ton, Weilian Chemical quoted 6853 yuan/ton, Xinhai Petrochemical quoted 6900 yuan/ton, and Hongrun Petrochemical quoted 7200 yuan/ton.

According to the Commodity Market Analysis System of Shengyishe, the price of pure benzene has slightly declined this month, with a sharp decline in prices in the middle and late stages. On November 1st, the price was 7913 yuan/ton; On November 30th, the price was 7200 yuan/ton, a decrease of 9.01% from the beginning of the month and an increase of 10.05% from the same period last year.

In terms of the industrial chain, the overall decline of the pure benzene industry chain in November was relatively small in the first half of the month, and the decline expanded in the second half. During the month, crude oil and styrene prices both fell, dragging down the sentiment of the pure benzene market. East China pure benzene continued to decline, and the market actively shipped, but downstream entry enthusiasm was poor, and overall market trading was relatively quiet. There were some unexpected parking plans in the downstream market near the end of the month, which affected the overall weak expectations of the downstream market. Sinopec has cumulatively lowered its listing price by 850 yuan/ton within the month, and currently implements a price reduction of 7200 yuan/ton. The mainstream ex factory price of hydrogenated benzene has fallen, with some regions dropping to 6850 yuan/ton. Most of the main production areas have quoted at 7200 yuan/ton. Due to recent market performance, some hydrogenated benzene enterprises have maintenance plans, and the overall market atmosphere is weak.

K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell 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. After entering 23 years, the hydrogenated benzene market has seen more ups and downs. In May, the market continued to decline for two consecutive months, while in July and August, it continued to rise for two consecutive months. The weekly K-bar chart shows that the hydrogenated benzene market has had relatively small fluctuations since entering October, with mixed ups and downs.

Although crude benzene belongs to coal chemical commodities, the downstream commodity of crude benzene, hydrogenated benzene, as a substitute for pure benzene, has a price trend closely following the fluctuations in the pure benzene market. Therefore, the trend of crude benzene is mainly influenced by the pure benzene industry chain. The pure benzene market experienced a broad decline in November, and crude benzene continued to decline in November due to the impact. In terms of supply, due to the continuous increase in raw material coking coal prices, the profits of coking enterprises were low, and they took the initiative to limit production and increase. The overall operating rate of coking enterprises declined during the month, and the supply of crude benzene was slightly tight. In terms of demand, the expected operating rate of hydrogenated benzene enterprises has declined, and the overall market mentality is weak. We will maintain on-demand replenishment of crude benzene, and currently, there is still support for essential demand. At the end of the month, the rebound of the crude oil market for several consecutive days provided some positive support for the pure benzene industry chain, while the decline in the spot market slowed down. It is expected that the pure benzene industry chain will still operate weakly in the short term, with a focus on the impact of the later crude oil and styrene market trends on market sentiment.

Recently (11.20-11.29), the market for trichloromethane has been weak and temporarily stable. According to data from Business Society, as of November 29th, the price of trichloromethane bulk water in Shandong Province remained stable at 2066 yuan/ton. The prices of raw materials methanol and liquid chlorine have decreased, and the cost center of trichloromethane has shifted downwards; However, the overall downstream demand is weak with only a small amount of hard demand support, and transactions in the trichloromethane market are rare, with factory prices of enterprises temporarily stable.

Recently (11.20-11.29), the domestic supply of trichloromethane has been basically stable.

Recently (11.20-11.29), the prices of raw materials methanol and liquid chlorine have slightly decreased, and the cost center of trichloromethane has decreased. According to the Commodity Market Analysis System of Shengyishe, as of November 29th, the spot price of methanol was 2417 yuan/ton, a decrease of 1.33% from 2450 yuan/ton on the 20th. As of November 29th, the acceptance price of liquid chlorine tank trucks in Shandong region is around 400 yuan/ton, which is lower than the previous period.

In the off-season, there is only a small amount of rigid demand support for refrigerants at the terminal. Currently, the trading price of refrigerant R22 is weak and stable, and the operating level is low. The demand support for trichloromethane is weak. In 2023, the total production quota for R22 will be reduced by 19% to 181800 tons, and overall support for the demand for trichloromethane will weaken in the medium to long term.

The methane chloride data analyst from Business Society believes that a small amount of rigid demand has weak support for trichloromethane, and on the other hand, there is still support for costs. It is expected that the trichloromethane market will continue to narrow in the near future.

According to monitoring data from Business Society, as of November 27, 2023, the reference price of n-butanol in Shandong Province, China was 7766 yuan/ton. Compared with November 1 (reference price of n-butanol was 7466 yuan/ton), the price increased by 300 yuan/ton, an increase of 4.02%.

From the monitoring chart of Business Society data, it can be seen that from November to present, the overall market situation of n-butanol in the Shandong region of China has gradually been upward in fluctuations. In the early stages, the n-butanol market showed a “first decline and then rise” trend. In the first two days of the month, trading on the n-butanol exchange was light, and the market situation slightly declined. Starting from the 3rd, the n-butanol market experienced a recovery operation, with downstream stage stocking, concentrated demand for n-butanol in the market, active new orders on the exchange, and the focus of the n-butanol market continuously moving towards the high-end. As of November 10th, the market price of n-butanol in Shandong region was around 7633 yuan/ton, with a 3.12% increase in the first half of the year.

In the mid to late stage, the market for n-butanol in Shandong region experienced a mixed trend of ups and downs. Starting from the 11th, downstream demand for n-butanol returned to calm, while the market for n-butanol fell from a high level. Starting from the 15th, n-butanol continued to welcome positive demand, with a slight correction in market focus.

In the latter half of the year, the n-butanol market as a whole showed an “upward” trend, with some facilities in the n-butanol field temporarily shut down for maintenance, resulting in a decrease in overall supply from the supply side. The supply side supported the market mentality, and downstream demand and stocking were normal. The focus of the n-butanol market continued to rise. As of November 27th, the domestic market price of n-butanol in Shandong region is around 7700-7900 yuan/ton.

Market analysis of n-butanol

At present, the trading atmosphere within the n-butanol market is mild, and the supply and demand transmission is stable. The overall operating rate of n-butanol has slightly decreased compared to the previous period, and the supply side still provides some support to the market. The n-butanol data analyst of Business Society believes that in the short term, the domestic n-butanol market is mainly stable, with a moderate to strong operation. The specific trend still needs to pay more attention to the changes in supply and demand news.

According to the commodity market analysis system of Shengyishe, at the beginning of the week, Shanxi’s industrial grade first-class potassium nitrate was reported at 5437.50 yuan/ton, and over the weekend, Shanxi’s industrial grade first-class potassium nitrate was reported at 5450.00 yuan/ton, an increase of 0.23% and a month on month decrease of 1.36%. The current price has dropped by 7.23% year-on-year.

potassium nitrate

This week, the domestic potassium nitrate market has risen. From the chart, it can be seen that the recent potassium nitrate market has continued to rise for three consecutive weeks, and this week’s market continues to rise. Recently, the domestic potassium fertilizer market prices have remained high and firm, with good cost support. The supply of goods is mostly in the hands of traders, and the market circulation of goods is limited, resulting in an increase in the potassium nitrate market. According to the statistics of Business Society, the mainstream domestic potassium nitrate manufacturers quoted 5150-5300 yuan/ton this week (for reference only), and the prices may vary depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers have fluctuated and increased: currently, the market price of domestic 60% crystals is mostly between 2820-2850 yuan/ton. Supply is tight, and analysts from Shengyishe Potassium Chloride believe that domestic potassium chloride import prices may slightly increase in the short term.

In recent times, the domestic potassium fertilizer market has been mainly volatile and consolidating, and new policies from domestic manufacturers are still being discussed. It is expected that the price of potassium nitrate will mainly rise in the short term, and the long-term market still needs to be wait-and-see.

Cobalt prices fluctuated and fell this week

According to the cobalt market analysis system of the Business Society, as of November 17, the cobalt price was 253900 yuan/ton, a decrease of 2.83% compared to the cobalt price of 261300 yuan/ton on November 10. The strike by truck drivers has ended, transportation of cobalt mines in the Democratic Republic of Congo has resumed, and supply in the cobalt market has returned to normal. Cobalt prices have fluctuated and fallen this week.

The strike in the Democratic Republic of Congo has ended, and the supply of cobalt in the city has resumed

Due to a dispute over dangerous wages, drivers stopped transporting cobalt metal mines from the Korwizi mining center at the end of October. Congo is the world’s largest producer of cobalt. Almost all raw materials are transported by truck from southeastern Congo through Zambia and ultimately to ports in South Africa, Tanzania, and Mozambique. The strike by truck drivers has affected cobalt mining transportation, and the overall impact of the strike is limited. However, at the end of the “Golden Nine Silver Ten” consumption, cobalt mining transportation has resumed, and the oversupply situation in the cobalt market has intensified. Cobalt prices have been stimulated and continue to decline.

Overview and outlook

According to Bai Jiaxin, a data analyst at Business Society, the strike by truck drivers has limited impact on the supply of cobalt in the market. However, at the end of the “Golden Nine Silver Ten” consumption, the consumption of new energy vehicles has weakened, and the demand confidence in the cobalt market has weakened significantly. The transportation of cobalt mines in Congo has resumed, and concerns about oversupply in the cobalt market have intensified, increasing the pressure on the decline of cobalt prices. In the future, the demand for cobalt remains weak and the supply slightly rebounds, and it is expected that cobalt prices will fluctuate and fall slightly in the future.

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%.

According to monitoring data from Business Society, as of November 17, 2023, the market price of domestic industrial grade propylene glycol was referenced at 8033 yuan/ton. Compared with November 12 (reference price of propylene glycol is 8100 yuan/ton), the price was reduced by 67 yuan/ton, a decrease of 0.82%. Compared with October 1 (reference price of propylene glycol is 8466 yuan/ton), the price was reduced by 333 yuan/ton, a decrease of 5.12%

From the monitoring data graph of the Business Society, it can be seen that this week, the overall domestic propylene glycol market showed a weak decline, with limited downstream demand for propylene glycol, making it difficult for the demand side to provide effective support to the propylene glycol market. There were few new orders for propylene glycol, and the atmosphere of inquiries on the market was light, with a strong wait-and-see atmosphere. Due to demand constraints, during the week, some factories and suppliers with higher initial offers began to offer discounts and adjust the price of propylene glycol downwards by around 100-200 yuan/ton. As of November 17th, the domestic propylene glycol market price is based on around 8000-8100 yuan/ton, with lower end prices around 7800-7900 yuan/ton, and higher end prices around 8200-8300 yuan/ton.

Analysis of the Future Market of Propylene Glycol

At present, the overall operating rate of propylene glycol in China has not changed much this week, and the overall performance is not good due to the boost of downstream demand. The light demand side restricts the efficiency of factory operations, and there are certain concerns and wait-and-see emotions in the market. The propylene glycol data analyst from Business Society believes that in the short term, the domestic propylene glycol market will mainly adjust its operation in a narrow range, and more attention should be paid to the changes in cost and supply and demand information.

Price trend

In early November, the domestic EVA market remained stagnant after rising, and spot prices rebounded before trading sideways. According to the Commodity Market Analysis System of Business Society, as of November 12th, the benchmark price of EVA in China was 12133.33 yuan/ton, with a price increase of 1.96% compared to the beginning of the month.

Cause analysis

In terms of raw materials:

The supply of ethylene at the raw material end decreased in early November, but the demand also declined simultaneously. At the same time, the high price of goods in the early stage combined with the decline of crude oil dragged on, and the current favorable situation for ethylene is rare, which may lead to a decline in the future;

The vinyl acetate industry has a high supply and low demand in the early stage, resulting in a weakening under pressure. Although the recent improvement in trading conditions is limited, the cost side has rebounded narrowly, supporting the vinyl acetate market. However, as vinyl acetate enters the traditional off-season, it is difficult to have a significant increase in demand, and the market may maintain consolidation. The market for EVA raw materials is average, with weak support for the EVA market.

On the supply side:

In early November, the load level of domestic EVA enterprises was generally flat, with a slight decline. The industry’s operating rate has dropped from 82% at the beginning of the month to around 80%. The market supply is abundant, and enterprise pricing operations are mainly based on high prices. The overall inventory pressure of EVA is moderate, but the continuous high load position gradually accumulates supply pressure. As downstream consumption declines, manufacturers’ confidence weakens. EVA suppliers have loosened their support for spot goods.

In terms of demand:

In early November, the demand side performance of EVA showed another differentiation. The long-term weak demand for foam shoe materials has not changed. On the other hand, photovoltaic enterprises are rising from a low level of goods acquisition. Affected by this, market buying has increased, and spot prices have been boosted. With the phased completion of photovoltaic material stocking, the positive trend of increasing demand is gradually emerging. The mentality of the buyer camp has returned to a resistance towards high priced sources.

Future Market Forecast

Overall, the EVA market remained stagnant after rising in early November. The support of raw material market for EVA spot is average. The industry load continues to be high, and downstream photovoltaic material consumption has subsided, causing the balance between supply and demand in the market to be disrupted. Supply pressure gradually rises, and spot prices stagnate and fluctuate horizontally. Currently, EVA suppliers are dominated by high prices, but if subsequent demand cannot be followed up in a timely manner, it is expected that the EVA market may decline in the short term. It is recommended to closely monitor changes in on-site demand.

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%.