According to the Commodity Market Analysis System of Business Society, the 1 # electrolytic manganese market slightly increased this week (December 4th to December 11th), and the market price in East China was 13900 yuan/ton on December 11th, up 1.09%.

In terms of manganese ore: This week, Tianjin Port’s manganese ore transactions continued to decline, with the average price of mainstream ore overall decreasing by 0.2-0.3 yuan/ton, South African semi carbonate at 29.8-30.2 yuan/ton, Gabon at 34.3-34.5 yuan/ton, and Australia at 35.8-36 yuan/ton. This week, the trading volume of manganese ore in Qinzhou Port was light, and the transaction price was weak and downward. Low price transactions emerged one after another, with South African semi carbonates priced at 29.5 yuan/ton, Gabon at around 35 yuan/ton, Australian dollars at 36-36.5 yuan/ton, and Australian seeds at 32-33 yuan/ton.

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. 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 rebound in May, prices have been declining for three consecutive months since June. The antimony ingot market has fluctuated narrowly since mid August, and the market has remained stable in November, with a slight upward trend.

This week, the electrolytic manganese market slightly rebounded, with mainstream market prices rising to 12300-12500 yuan/ton, up 200 yuan/ton from last week. In terms of supply and demand, some southern enterprises have plans to reduce production this week. Under the influence of tight supply expectations, enterprises have a strong attitude of price support, and factory prices have been raised. It is difficult to find low-priced goods in the market, and market expectations have improved. There has been no significant improvement in demand, and downstream demand has always been difficult to increase, with limited support for the upstream market. In the future, there is a supply-demand game, and currently, enterprises have a strong mentality of price support. It is expected that the overall market will operate stronger in the short term, and the market is waiting for a new round of steel bidding price guidance.

Related data:

This week, the silicon and manganese market continued to operate weakly, with steel mills bidding for silicon and manganese prices continuing to fall in December, breaking through the cost lines of most regions. Manufacturers have intensified losses, production enthusiasm is low, inventory still needs to be consumed, and market confidence is insufficient. According to the commodity market analysis system of Business Society, the market price of silicon manganese in Ningxia region (specification FeMN68Si18) was around 6150-6300 yuan/ton on December 8th, with an average market price of 6256 yuan/ton, a decrease of 1.44%.

Steel recruitment situation:

The new round of electrolytic manganese bidding in Pohang, South Korea is due on December 13, 2023, with a delivery date of January 20, 2024.

The bidding price for spherical electrolytic manganese at Baoshan Base of Baowu Iron and Steel in December 2023 is 12930 yuan/ton including tax, which is the same as the price in November, with a quantity of 1000 tons.

The bidding price for Baosteel’s electrolytic manganese sheets in December 2023 is 12550 yuan/ton for the Zhanjiang base, an increase of 50 yuan/ton compared to November, with a quantity of 2200 tons; Baoshan Base costs 12750 yuan/ton, an increase of 50 yuan/ton compared to November, with a quantity of 2450 tons.