According to the commodity market analysis system of the business community, the price of 1 # electrolytic manganese market fell slightly this week (from June 16 to June 25). The price of Spot market in East China was 16150 yuan/ton on June 25, down 0.62%.

In terms of manganese ore, the price of manganese ore is relatively weak, with a stalemate in the supply and demand game. The market mentality is inconsistent, with some miners experiencing losses and firm quotations. Another part is affected by the pressure of silicon and manganese manufacturers and the reduction of external quotations, resulting in a slight loosening of transaction prices. Jupiter announced the shipment price of Mn36.5% South African semi carbonated blocks at $3.75 per ton for manganese ore to China in July 2023. NMT announced that the shipping price of Mn36.5% South African semi carbonated blocks to China manganese mine in July 2023 was 3.75 US dollars per ton, with a decrease of 0.1 US dollars per ton. Port of Tianjin’s semi carbonate is 31-31.5/ton, Australia’s semi carbonate is about 39.8 yuan/ton, plus 38-38.5 yuan/ton, Qinzhou Port Australia’s semi carbonate is 39 yuan/ton, Gabon’s semi carbonate is 37.8 yuan/ton, and South Africa’s semi carbonate is 30.2 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 continued to decline in June.

This week, the electrolytic manganese market continued to maintain a weak trend, with mainstream market prices ranging from 14500 to 14600 yuan/ton, a decrease of 100 yuan/ton compared to last week. The market continued its trend over the weekend and remained weak, with low market sentiment. In terms of supply, most domestic manufacturers ceased production after June, but the overall inventory is still high, so the supply side benefits have not shown. There has been no significant improvement in demand, and overall demand is weak. Downstream procurement intentions are still low, overall inventory is running at a high level, and the game mentality between supply and demand is strong, resulting in a strong wait-and-see atmosphere in the market. The FOB price is between $2000 and $2050 per ton, a decrease of $50 per ton compared to last week. Overall, the business community expects that downstream demand will remain weak overall, and there will be little improvement in the short term. It is expected that the future market will be mainly stable, moderate, and weak, while waiting for more guidance on steel bidding prices.

This week, the silicon manganese market continued to consolidate and operate, with a slight decrease in low-priced resources and fair market trading. Retail transactions were relatively light, and high prices were difficult to close. According to the Commodity Market Analysis System of the Business Society, the market price of silicon manganese in Ningxia region (specification FeMN68Si18) was around 6450-6650 yuan/ton on June 25th, with an average market price of 6576 yuan/ton, an increase of 0.13%.

Related data:

On June 24th, the base metal index stood at 1206 points, unchanged from yesterday, a decrease of 25.37% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 87.85% 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).