According to the Commodity Market Analysis System of Business Society, the 1 # electrolytic manganese market was operating weakly this week (March 4th to March 11th), with prices in the East China region dropping 0.36% to 13850 yuan/ton on March 11th.

In terms of manganese ore: This week, the trend of manganese ore has been relatively passive, with market prices falling and factory inquiries continuing to push down prices. Miners have insisted on raising prices despite the continuous increase in external quotations, but transactions have not been unified yet. There are some low price transactions in the market, and the spot side wants to raise prices, but downstream constraints are more obvious, resulting in manganese ore prices still being weak. As of March 8th, some quotations from Tianjin Port have reached high levels, with semi carbonated products trading around 34-34.5 yuan/ton, AUD 36-36.5 yuan/ton, and Gabon 35.5-36 yuan/ton; Qinzhou Port’s semi carbonated carbon costs 33.8-34 yuan/ton, while Australian seeds cost around 34 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 the recent trend of the electrolytic manganese market is relatively stable.

This week, the electrolytic manganese market continued to operate weakly, with mainstream prices ranging from 12200 to 12300 yuan/ton, slightly lower than before the holiday. With domestic enterprises resuming work one after another, the overall supply on site is relatively stable, but there is a lack of demand in the workplace. The market atmosphere is still relatively flat, market trading is relatively light, and the spot market has a strong wait-and-see mentality. Most downstream suppliers maintain rigid procurement, lacking demand support, resulting in an overall weak market operation. Downstream suppliers have a strong attitude towards price suppression, and the performance of steel bidding prices is also weak, dragging down market sentiment. At present, the mentality of the supply-demand game is still strong, and the overall mentality of traders is biased towards wait-and-see. Under the supply-demand game mentality, it is expected that the market will continue to operate steadily with a weak trend in the short term, with a focus on the subsequent steel recruitment situation and the release of downstream replenishment demand.

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This week, the silicon and manganese market has been volatile and weakly operating. Hegang silicon and manganese pricing has been announced, with a month on month decrease of 150 yuan/ton. Some manufacturers in Inner Mongolia have stated that they are currently in a loss making state, and the profits of the entire ferroalloy industry have been severely compressed. Most manufacturers still have low production enthusiasm, and their short-term confidence is insufficient. In addition, there has been a significant increase in the external quotation of manganese ore on the cost side recently, and there is still room for cost increase. Some manufacturers have adjusted their manganese ore ratio plans, and there may not be much room for a significant short-term cost decline. On the futures side, the overall performance of the silicon manganese market this week was weak, with no positive news in the short term to boost the market, making it difficult to rise. According to the commodity market analysis system of Business Society, the market price for silicon manganese in Ningxia region (specification FeMN68Si18) was around 5900-6000 yuan/ton on March 8th.