From July 1 to July 29, 2022, the market price of electrolytic manganese continued to decline. The spot market price in East China was 16650 yuan / ton at the beginning of the month and 16400 yuan / ton at the end of the month, with a monthly drop of 1.5%.

Manganese ore: at the end of July, port manganese ore also made a small adjustment due to the continued weakness of the alloy end price, but the range was relatively small, only 1-2 yuan / ton adjustment, Australia ore and other relatively reduced stops. Gabon made a small adjustment in the price due to the arrival expectation in the later stage. Although South Africa Semi carbonic acid was willing to support the price, some merchants chose to ship, and the manganese ore price was slightly adjusted driven by the alloy end as a whole, However, due to the high short-term holding cost and acceptable concentration, manganese ore performs slightly better than the alloy end. However, if the alloy end is reduced and the demand is weakened, some minerals with certain profits may be adjusted to a certain extent.

Since the end of February, the market price of electrolytic manganese has fallen all the way, from 42075 yuan / ton to 16400 yuan / ton on July 29, with a cumulative decline of 61.02%, which has basically fallen back to the price before the sharp rise in 21 years. The decline in the electrolytic manganese market has basically slowed down after entering April, and the overall price has been slowly reduced. As of the 29th, the price of the domestic mainstream market was 14600-15000 yuan / ton. The situation of the new round of steel bidding is not ideal in terms of steel bidding. Baosteel and other steel companies fell by 200 yuan / ton compared with the previous round of steel bidding, and the bidding of other steel mills fell significantly or there was a situation of unsuccessful bidding. On July 22, the association called on more than 40 manganese member units to limit production by 60%. But the market had little effect. The downstream demand side performed poorly, and the spot price center continued to move down slightly. The downstream stainless steel enterprises have recently reduced production to a certain extent, and their demand for manganese has declined to a certain extent. The downstream purchase price pressure is obviously difficult to support the price of electrolytic manganese, and the market demand for manganese metals slows down in the off-season. On the whole, the supply and demand side of the market has not changed much, and the game mentality of both parties is strong. It is expected that the market price will be stable and weak in the short term.

In terms of manganese and silicon: on the 22nd, the manganese Department Committee of China Railway Association called for a 60% reduction in production to tide over the difficulties, and said that it would be ready to face the long-term difficulties. From the recent statistical production situation, Ningxia, Inner Mongolia, Guizhou, Guangxi and other main production areas have continued to carry out the reduction of production stops. After the appeal, it is not ruled out that some regional manufacturers will strengthen the reduction of production stops again next week, and the reduction of production stops will increase by 50% compared with the end of May. However, due to the weak downstream demand at present, Including the time that each enterprise arranges to reduce stops successively, the low-cost spot inventory in the market needs to be consumed, and the price of silicon and manganese can be further stabilized only after reversing supply and demand. The instability of manganese ore and coking coal prices is also the concern of all parties about the weakening of silicon and manganese costs. Due to the relatively high inventory costs of all parties at present, they will still bear certain losses in the short term. It is expected that the spot price of silicon and manganese will be weak in the short term.