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SunSirs: Electrolytic manganese market is running stably for the time being

June 01 2022 10:19:33     

The market price of 1# electrolytic manganese was temporarily stable. The spot market price in East China was 16550 RMB/ton at the end of last week and 16550 RMB/ton at the end of last week, flat.

Last week, the electrolytic manganese market temporarily operated stably. The market price was 15000-15300 RMB/ton. The market atmosphere was still weak overall, and the downstream continued to maintain just needed procurement. In terms of steel bidding, a new round of bidding was opened last week, and the price has not been released yet. At present, the overall market atmosphere is weak. After the prices continue to fall, the manufacturers have a strong attitude of supporting prices. In the absence of significant changes in supply and demand, it is expected that the price will mainly operate weakly and stably in the short term, and the future market will focus on the guidance of steel bidding price to the market.

In terms of manganese and silicon: the consolidation of silicon and manganese was carried out, and the quotations among regions were chaotic. The futures market fluctuated this week around 8200-8400 RMB/ton. The manufacturer's retail quotation was based on 8050-8300 RMB/ton of ex factory cash. Frankly, there were few high price transactions and few traders' inquiries. They were waiting for Hebei Iron and Steel Group to purchase next week. According to the price monitoring of the Sunsirs, the mainstream quotation in Ningxia (specification: FeMN68Si18) on May 27 was around 8000-8200 RMB/ton.

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

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