According to the Commodity Market Analysis System of Business Society, the 1 # electrolytic manganese market slightly increased this week (November 17th to November 24th), and the market price in East China was 13750 yuan/ton on November 24th, up 0.36%.

In terms of manganese ore: The manganese ore market has been operating weakly this week, with downstream buyers buying on dips. Market trading has been relatively active, but overall transactions have been limited. Recently, there have been more concentrated arrivals to ports, and ports have generally been actively shipping, resulting in a slight decline in market prices. In terms of price, Tianjin Port’s South African semi carbonates are priced at 30-30.5 yuan/ton, a decrease of 0.5 yuan/ton compared to last week.

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 recovery in May, prices have been declining for three consecutive months since June. The antimony ingot market has experienced narrow fluctuations since mid August, and the market has remained stable for the time being in November.

The overall price of electrolytic manganese in the market has not changed much this week, with mainstream prices ranging from 12100 to 12300 yuan/ton, which is basically unchanged from last week. There have been no substantial and significant changes in supply and demand this week, but manufacturers have increased their reluctance to sell. The atmosphere in the spot market has been weak recently, with a lack of clear guidance and limited overall trading. There is no significant improvement in demand, and the overall situation is weak. Overall, the market has a strong wait-and-see attitude, and downstream demand has always been difficult to increase, with limited support for the upstream market. In the future, the market is somewhat wait-and-see and will continue to operate weakly in the short term.

Related data:

According to customs data, the total export volume of unwrought manganese, manganese waste and powder (electrolytic manganese) in August 2023 was about 21544.947 tons, a decrease of about 15.97% compared to the previous month (export volume in July was 25639.34 tons), an increase of about 8.7% year-on-year (export volume in August last year was 19820.931 tons). In August 2023, the total import volume of unwrought manganese, manganese waste and powder (electrolytic manganese) was about 4000.015 tons, a decrease of about 34.43% compared to the previous month (6100 tons in July), and an increase of about 300% compared to last year (about 1000.01 tons in August last year).

On November 26th, the non-ferrous index was at 1090 points, unchanged from yesterday, a decrease of 29.13% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 79.57% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

According to the price monitoring of Business Society, in the 47th week of 2023 (11.20-11.24), there were a total of 6 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. The top 3 commodities with the highest increase were dysprosium oxide (4.17%), dysprosium metal (3.06%), and dysprosium ferroalloy (3.04%). There are a total of 13 products that have experienced a month on month decline, with nickel (-4.28%), cobalt (-3.87%), and tin (-3.49%) being the top three products with the largest decline. The average increase and decrease this week is -0.84%.