In this cycle (February 1 to February 14), the market price of 1 # electrolytic manganese is still weak, and the price is slightly reduced. The spot market price in East China was 17300 yuan/ton at the beginning of the month, 17000 yuan/ton on the 14th, and decreased by 300 yuan/ton or 1.73% during the cycle.

In terms of manganese ore: the North-South quotation of manganese ore returned after the holiday has risen tentatively. At the beginning of the month, the mainstream price was about 37 yuan/tonne of semi-carbonic acid in Tianjin Port, 48.5-49 yuan/tonne in Australia, 45.5-46 yuan/tonne in high-quality Australian seed, and 45-46 yuan/tonne in Gabon. In the later stage, the impact of the overall futures market is obvious, showing a trend of weak shocks. The lower price depression mentality is more than that of heavy manganese ore, which is 0.5 yuan/ton loose in the transaction. By the 14th or so, Tianjin Port’s semi-carbonic acid was 36 yuan/tonne, Australia’s 48-48.5 yuan/tonne, Gabon’s 45.5 yuan/tonne, slightly lower than the price at the beginning of the month, the overall market inquiry was light, and the purchase intention was low.

The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. From the above weekly and monthly electrolytic manganese K-bar chart, it can be seen that since March 2022, the electrolytic manganese has continued to decline, the price has continued to stabilize after a slight rise at the end of August, the price has recovered slightly since the end of September, the price has remained stable for a long time since October, the price has fluctuated slightly in November, the price has decreased slightly after December, and the price has declined slightly after a temporary stability in January.

The price of European strategic small metal manganese rose to 2600 US dollars/ton as of February 14, up 100 US dollars/ton from the beginning of the month. The recent market price fluctuation was not frequent, the market negotiation atmosphere was limited, and the wait-and-see mood was strong. The rising overseas price slightly boosted the domestic market mentality.

The electrolytic manganese market remained weak in the first half of the month, with a total reduction of 300 yuan/ton in the second half of the month. The market did not fully recover before the Lantern Festival. The market atmosphere was still strong and the overall trading volume was light. The market atmosphere has recovered slightly since last week, but due to the overall low market mentality, the actual trading is still cold and the market is mainly wait-and-see. After the introduction of the steel bidding price of some enterprises after the holiday, most of the prices were lower than last month, which had a certain drag on the market mentality. At present, supply and demand remain in a weak balance, and the market lacks clear guidance. In the aftermarket, the market atmosphere is expected to gradually recover as the manufacturers gradually resume construction, but there is no obvious improvement in the downstream demand. It is expected that the aftermarket will still remain stable and weak, and the market will wait for more guidance on steel bidding.

In this cycle, the silicon and manganese market has consolidated and operated, the spot market has weakened, and the steel bidding has been pushed forward. The silicon and manganese price of a steel factory in East China is 7650 yuan/ton, and the acceptance includes tax. The current round of silicon and manganese pricing of Hegang Group is about to be set. It is estimated that around 7600-7650 yuan/ton, the manufacturer’s psychological price is 7700 yuan/ton, and the supply and demand game is anxious and difficult to determine.

Relevant data:

Customs data showed that the total import volume of unwrought manganese, manganese scrap and powder in December 2022 was about 5003.818 tons, down about 16.6% month on month and up 47.85% year on year. In December 2022, the total export volume of unwrought manganese, manganese scrap and powder was about 24929.7 tons, down about 2.28% month-on-month and 28.56% at the same time.