According to the Commodity Market Analysis System of the Business Society, the 1 # electrolytic manganese market slightly increased this week (September 11th to September 18th). The market price in East China was 14150 yuan/ton on September 18th, up 1.43 yuan.

In terms of manganese ore: This week, the Tianjin Port manganese ore market has been undergoing consolidation and operation, with a slight loosening in the transaction price of semi carbonic acid. The mainstream transaction price is around 31.8 yuan/ton, while the high-speed rail quotation is firm. The mainstream quotation is 31 yuan/ton, and the oxidized ore quotation is firm. The prices in Australia, Canada, and Gabon remain at 39 yuan/ton, with little overall fluctuation. This week, the price of manganese ore in Qinzhou Port has been strong, and it is difficult to find low-priced sources of goods. The transaction price of high carbon dioxide is around 31.8 yuan/ton, while the Australian dollar is 39.3 yuan/ton, and the price of Australian seeds is around 37 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 charts above, it can be seen that prices have been declining for five consecutive months since December 2022. After a slight recovery in May, they have been declining for eight consecutive weeks since June and rising for four consecutive weeks since mid August.

The electrolytic manganese market continued to recover slightly this week, with mainstream market prices ranging from 12800 to 12900 yuan/ton, an increase of 200 to 300 yuan/ton compared to last week. This week, the steel bidding prices of large factories were introduced, and some companies have fallen out of line. Downstream markets are more resistant to high priced raw materials, and the market’s wait-and-see sentiment is gradually rising. This week, the upward resistance continues to increase. The market supply and demand game mentality is gradually rising, and the overall wait-and-see atmosphere is relatively strong. Recently, the downstream stainless steel market has been weak and lacks downstream support, making it difficult for prices to continue to recover. The market is mostly waiting for guidance from mid month industry meetings and is currently on the sidelines. In the future, the market tends to be wait-and-see and will remain temporarily stable in the short term.

This week, the silicon manganese market remained stable and strong, with the news that the fermentation had basically ended and the market was fluctuating. The spot end was not affected by it temporarily, and the manufacturer’s spot inventory was tight, basically maintaining order production. Low priced goods were scarce in the market, and steel mills had some difficulty bidding. According to the Commodity Market Analysis System of Business Society, the market price of silicon manganese in Ningxia (with a specification of FeMN68Si18) was around 6700-6800 yuan/ton on September 15th, with an average market price of 6725 yuan/ton.

Related data:

Customs data shows that the total export volume of unwrought manganese, manganese waste and powder (electrolytic manganese) in June 2023 was approximately 24847.275 tons, an increase of 15.74% month on month and a decrease of 19.20% year on year.

In June 2023, the total import volume of unwrought manganese, manganese waste and powder (electrolytic manganese) was approximately 1520.011 tons, a decrease of 39.2% compared to the previous month and a year-on-year increase of 51.99%.

On September 17th, the base metal index stood at 1238 points, unchanged from yesterday, a decrease of 23.39% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 92.83% from the lowest point of 642 points on November 24, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of the Business Society, there were a total of 12 commodities in the non-ferrous sector on the list of commodity prices rising and falling in the 37th week of 2023 (September 11th to September 15th), with the top three commodities in terms of increase being metal silicon (3.89%), silver (2.72%), and zinc (2.39%). There are a total of four products that have decreased compared to the previous month, with nickel (-1.47%), praseodymium neodymium oxide (-1.41%), and cobalt (-0.39%) being the top three products in terms of decline. This week’s average increase or decrease was 0.59%.