SunSirs: Due to the impact of South Africa's mines, the price of manganese silicon has rebounded this week.

1. Price trend

According to the price monitoring of SunSirs, the market price of silicon-manganese alloy rose slightly this week, up by about 200 yuan / ton from last week. At present, the manganese-silicon Ningxia region has a specification of FeMN68Si18 and the ex-factory price is about 5950 yuan / ton.

After the decline of manganese and silicon last week, most factories this week indicated that they are in a loss state, and their willingness to continue to reduce prices has weakened significantly. Since last week, Hesteel Group finalized a new round of bidding prices for manganese-silicon alloys, the market has become clear, and the number of downstream inquiries has increased significantly. This week, the manganese-silicon market is running well, and prices are steadily rising.

2. Analysis of influencing factors

March of manganese silicon steel

1. Hebei Jingye's March purchase price of silicon-manganese alloy was 5,800 yuan / ton, and the recovery was 17,000 tons.

2. In March, the purchase price of silicon and manganese in a steel plant in East China was 5,950 yuan / ton, which was lowered by 1,250 yuan / ton from the previous month, and the production volume was 7,000 tons.

3. Jiangsu Zhongtian Iron & Steel's March purchase price of silicon-manganese alloy was 5,950 yuan / ton, which was lowered by 1,250 yuan / ton month-on-month, and the production volume was 10,000 tons.

4. Sichuan Dagang's March purchase price of silicon-manganese alloy was 5,900 yuan / ton, and the purchase quantity was 2,000 tons.

Manganese ore overseas may stop production

Due to the recent epidemic effects of major overseas manganese ore suppliers, the local government has also implemented certain quarantine measures.

South Africa's largest radical leftist party, the Economic Freedom Fighters Party, issued a mine closure to South Africa's mines, and some mines have been notified of the closure. As the party is not a ruling party in South Africa, the impact is unknown.

Malaysian Prime Minister Tan Sri Muyudin announced that starting from 18th this month, the country will impose restrictions on movement, including blocking national access. Some mines have received notification from the government that all mineral mining and quarries need to stop production until March 31.

However, according to the news, the mining and delivery of mines in South Africa, Australia, and Brazil have not been affected for the time being. Only Malaysia has implemented a two-week plan to stop mining. Malaysia ’s manganese ore supply may be affected in the future. The proportion of Malaysian manganese ore imports is only about 3.4%, and both the north and south ports have a certain inventory (124,000 tons in Tianjin port and 140,800 tons in Qinzhou port).

Affected by the epidemic in South Africa, the manganese miners' speculation was strong, and Tianjin Port's offer continued to increase. Among them, Australian seeds increased the most, followed by South African semi-carbonate and Gabon mines. It is understood that the mining of South Africa has not undergone a major adjustment at present, and we need to wait and see. The quotation of 46% Australian block of Tianjin Port is 39-40 yuan / ton, 37.5% of South African semi-carbonate block is 35-36.5 yuan / ton, and 44.5% of Gabon block is 36-37 yuan / ton.

Guangxi electricity price adjustment

At present, the electricity price of the Guangxi factory is basically collected in advance according to 0.51 yuan / kWh. It is reported that the price will be adjusted back to 0.47-0.48 yuan / kWh in the future. However, some factories revealed that the adjustment of electricity prices may not be implemented until April. Judging from the current start of the Guangxi region, the resumption of production has basically been postponed to April, and many plants in production have also maintained reduced load or reduced production.

3. Market Forecast

On the whole, the price of manganese ore is tentatively rising, and the market has a clear and active atmosphere for inquiries and purchases. The steel mills have gradually resumed production and the futures have become popular. Supported by good information, the industry is full of confidence and strong willingness to price. However, due to the expected increase in prices leading to the early release of downstream demand, SunSirs analysis believes that if the overseas manganese ore is not affected in the later period, it will be difficult to sustain the demand for silicon and manganese prices, and it will be difficult for prices to rise significantly. It appears that the entire domestic manganese-based industry chain will have large fluctuations.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.