Manganese City: Electrolytic manganese is relatively stable, and silicon-manganese bidding price drops

Core Tip: The overall trend of electrolytic manganese prices this week is relatively stable. As demand continues to improve, market concerns have increased, and manufacturers' offers have declined slightly from last week. In particular, manufacturers with high quotations have rapidly decreased; silico-manganese market prices have remained stable. Due to the slow progress of bidding by steel mills, silico-manganese manufacturers continued to maintain a wait-and-see attitude, and the quotations remained stable; the imported manganese ore market was stable and weak, and the spot transaction volume remained low.

First, price monitoring

Second, electrolytic manganese, manganese alloy, imported manganese ore

1. Electrolytic manganese

From July 29th to August 2nd, the price of electrolytic manganese was stable this week, and the price was slightly lowered by 50 yuan/ton. On August 2, the factory price of the factory in Jishou area was 11800-12000 yuan / ton.

The overall trend of electrolytic manganese prices was stable this week. As demand continued to improve, market concerns increased, and manufacturers' offers were slightly lower than last week. In particular, manufacturers with high quotations rapidly declined, and mainstream prices in major producing areas have gradually fallen back to 11,800 yuan / ton. At present, there is still a period of immediate release of electrolytic manganese downstream. The operating rate of electrolytic manganese manufacturers has not changed much, but the impact of low spot volume on manufacturers has reappeared. The enthusiasm for electrolytic manganese market will continue to decrease next week, and the price is not adjusted much.

In terms of raw materials, the price of manganese carbonate ore remained stable this week, and the price of selenium dioxide continued to rise slightly. On August 2, 98% of selenium dioxide was quoted at 290-300 yuan/kg, up 15 yuan/kg from last weekend; the mine of Xiangtan 15-16 manganese carbonate mine in Hunan did not include tax at RMB 500/ton.
   2. Manganese alloy market

   From July 29 to August 2, the prices of silicomanganese and ferromanganese did not fluctuate significantly this week and were relatively stable. On August 2, Guizhou and Hunan silicon manganese 6517 tax-included factory acceptance price is 6600-6800 yuan / ton, Ningxia, Inner Mongolia silicon manganese 6517 tax-included factory acceptance price is 6650-6850 yuan / ton, southern silicon manganese 6014 does not include tax The quotation is 5350-5500 yuan / ton, Hunan, Guizhou manufacturers high carbon ferromanganese 65C7 a group of phosphorus including the factory price of 6050-6150 yuan / ton.

   The market price of silicomanganese remained stable this week. Due to the slow progress of bidding for steel mills, silicomanganese manufacturers continued to maintain a wait-and-see attitude, and the quotation remained stable. In August, the bidding of silicon-manganese 6517 by steel mills has been started. Due to the recent decline in the price of imported manganese ore, steel mills continue to suppress the price of silico-manganese. In general, the bidding price of silicon-manganese 6517 in steel mills has not been raised in August. Possibly, the tender price of silicon-manganese 6517 for steel mills in Yunnan and Guizhou is as low as 6600-6700 yuan/ton, and the price of bidding for Hebei Iron & Steel has dropped 50 yuan to 6950 yuan/ton.

   This week, the price of high-carbon ferromanganese manufacturers has not changed much. Because the demand has not improved, the plant's willingness to start is still low; the price of medium-carbon ferromanganese manufacturers is also relatively stable, and the market performance is relatively flat. In August, the bidding price of high-carbon ferromanganese in Hebei Iron and Steel was lowered by 50 yuan, and the bidding price of medium-carbon ferromanganese was lowered by 100 yuan. The result of such tendering has obvious adverse effects on the ferromanganese market, and the ferromanganese market has not seen any hope in the near future.

   3. Manganese mine market

   From July 29th to August 2nd, the import of manganese ore in this week was stable and weak, and the spot transaction volume was still low. The mine price was lowered by 0.5 yuan/ton. As the demand is still difficult to improve, and the miners are expected to be pessimistic about the new round of bidding for the foreign mines, the imported manganese ore market is still weak in the short term, and the mining price continues to consolidate and weaken.

Third, the international market review

   This week, the market price of silicomanganese and ferromanganese in Europe and America was relatively stable, and the market performance was flat. Due to the recent significant rebound in the price of electrolytic manganese in China, the price of MB electrolytic manganese increased by US$30/ton on Wednesday.
Fourth, the next parade

   1. Stainless steel market

   Wuxi market: The overall price of the coil market rose this week, 2 series slightly up, 201 rose 100 yuan / ton, 3 series prices continued to rise, 304 rose 100 yuan / ton, 4 series main body reported, the market has a certain Bullish expectations.

   Foshan market: Foshan coil prices fell this week, 2 series prices fell, down 200 yuan / ton, 3 series overall stable, 4 main body reported, 430 fell 100 yuan / ton, later consolidation .

   As expected by the market, Shanghai rebar futures rebounded in less than a month and “fired out”. As of the close of July 30, the main contract price of rebar futures closed at 3633 yuan per ton, and the turnover plummeted nearly 200,000 hands to 1.412 million hands. Market participants said that the tight bank credit and high debt ratio made it difficult for the steel industry to bear heavy load. The volume of rebar in the market was shrinking rapidly. It is expected that the impact of funds will still suppress the rebound of the futures price.

According to the latest statistics of China Iron and Steel Association, the daily output of crude steel of key steel enterprises was 1.718 million tons in mid-July, up by 1.4% from the previous month. The national crude steel output was estimated at 2.13 million tons, up 2.4% from the previous month.

V. Forecast of the market outlook

   Electrolytic Manganese: At present, it is still in the downstream stage of electrolytic manganese. The operating rate of electrolytic manganese manufacturers has not changed much, but the impact of low spot volume on manufacturers has reappeared. Next week, the enthusiasm of electrolytic manganese market will still be cooled, and the price is not adjusted. Big.

   Manganese alloy: At present, steel mills are still suppressing the prices of silicomanganese and ferromanganese. Recently, the prices of silicomanganese and ferromanganese have not rebounded, because the spot supply pressure is not large, and the price level is already low. Recently, silicomanganese and ferromanganese The price is also difficult to have a significant downward adjustment.

   Imported manganese ore: As the demand is still difficult to improve, and the miners are expected to be pessimistic about the new round of bidding for the foreign mines, the imported manganese ore market is still weak in the short term, and the mining price continues to consolidate and weaken.

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