According to the commodity market analysis system of the business agency, the price of 1 # electrolytic manganese market rose slightly this week (from April 14 to April 21), and the market atmosphere was still weak. The spot market price in East China was 16300 yuan/ton last weekend and 16325 yuan/ton this weekend, up 0.15%.

Manganese ore: This week, the manganese ore market continued to be depressed. Enquiries and transactions on the market improved slightly, but most of them were sporadic transactions. The transaction price did not perform well, and the price continued to decline. The lower price of the downstream silicon manganese market led to the pressure operation of the raw material end market. The manufacturers’ weak acceptance of high prices led to the gradual bottoming of the transaction price. As of April 21, Tianjin Port has experienced a decrease of 0.5 to 1 yuan/ton, with mainstream transactions of semi carbonate at 32.5 yuan/ton, around 38 yuan/ton in Gabon, 42 to 43 yuan/ton in Australia, and a certain degree of decline in South African high-speed rail. The mainstream prices of Mn28-30 grade are concentrated at 31 yuan/ton, while those of Mn33 and above are at 32.5 yuan/ton.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments 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 chart above, it can be seen that prices have slightly decreased since December 2022, and have continued to decline after temporarily stabilizing in January. As of now, electrolytic manganese has been declining for four consecutive months, and has slightly rebounded this week.

The actual transaction volume in the electrolytic manganese market this week is still weak, and the overall market is still operating in a weak trend. Prices in some regions have slightly increased, but the mainstream market remains at 14700-14900 yuan/ton, basically unchanged from last week. This week, the market is bullish, with some prices slightly increasing, but the impact on the market is limited. Downstream demand is generally low, and the game mentality between supply and demand is strong. The market has a strong wait-and-see atmosphere. This week, the performance of steel bidding was relatively stable, and with the resumption of bidding by POSCO in South Korea, it has boosted the mentality of the domestic market to some extent. Recently, there has been a slight upward trend in prices among smelters, and the bearish atmosphere in the market has gradually decreased. However, actual transactions are still limited, and there are no obvious signs of improvement in trading. The market is relatively quiet, with FOB prices ranging from $2100 to $2140 per ton, which is unchanged from last week. In the future, it is expected that the weak and stable operation will be the main focus, and more guidance on steel bidding prices will be awaited.

This week, the silicon manganese market experienced a narrow range of volatility, with lower prices at the beginning of the week and a recovery with futures rebounding in the middle of the week. Spot prices showed a slight increase, but the upward momentum was insufficient. Over the weekend, prices fell back. The bidding for steel mills is coming to an end, and the market trading atmosphere is gradually turning to a light one. According to the monitoring of the commodity market analysis system of the Business Society, the market price of silicon manganese in Ningxia region (with the specification of FeMN68Si18) was around 6900-7050 yuan/ton on April 21, with an average market price of 6975 yuan/ton, a decrease of 0.24% compared to the beginning of the week.

Related data:

According to customs data, the total export volume of unwrought manganese, manganese waste and powder (electrolytic manganese) in March 2023 was approximately 33451 tons. In March 2023, the total import volume of unwrought manganese, manganese waste and powder (electrolytic manganese) was approximately 5500 tons.

The National Development and Reform Commission organized a meeting to promote clean production in the electrolytic manganese industry

According to the National Development and Reform Commission, in order to improve the level of green and clean production in the electrolytic manganese industry, the Environmental Resources Department of the National Development and Reform Commission organized a meeting on promoting clean production in the electrolytic manganese industry on the afternoon of April 21, to sort out the current situation and existing problems of clean production in the electrolytic manganese industry, and to study and promote the next steps of work. Representatives from the Solid State Department of the Ministry of Ecology and Environment, relevant research institutions, and industry associations attended the meeting.