Sunsirs: the turnover of silicon and manganese improved, but the spot price did not show much performance

The turnover of silicon manganese Market improved this week, but the spot price has not shown much performance. Due to the higher cost of manganese ore, the manufacturer's profit has been reduced. According to Sunsirs, the mainstream quotation in Ningxia (specification: FeMN68Si18) on March 4 was around 8000-8100 yuan / ton (including tax).

Upstream manganese ore

With the rise of the external quotation in March, the domestic manganese ore price continues to rise. Similarly, the importing of oxidized ore in China is rare this week, and the short-term manganese ore price will remain strong. Similarly, the rise of overseas freight and the rise of overseas manganese alloy prices also promote the expectation of the rise of manganese ore price. 
According to the data on March 4, the mainstream Australian block of Tianjin port is reported as 54 yuan / ton degree, the semi carbonic acid in South Africa is reported as 37.5 yuan / ton , and the Gabon block is reported as 52 yuan / ton ; Qinzhou Port manganese ore mainstream Australian block reported 54.5 yuan / ton , South Africa Semi carbonic acid reported 37.5 yuan / ton , Gabon block reported 49.5 yuan / ton.

Recently, it has maintained stable operation, the daily output is at a high level, and the shipment volume of some manufacturers has increased, but the high inventory still needs to be further consumed. As of March 3, the national operating rate (capacity utilization rate) was 69.81%, an increase of 1.45% over last week; The average daily output was 29698 tons, an increase of 463 tons. The weekly demand was 141672 tons, an increase of 4.15% over the previous week.

This week, the procurement of northern steel plant was launched. The purchase price of 8350 yuan / ton of Hegang group was slightly lower than the market expectation, while the surrounding steel plants purchased according to the price reduction of Hegang, which exacerbated the reduction of manufacturer side profits. Although the steel plant side procurement was prosperous, the purchase price given was low.

、 Future forecast

As a whole, silicomanganese is driven by the cost, and there is little room for decline. The manufacturers are in the stage of low price and reluctant sale, but the problem to be faced is the high inventory in the market. Although the transaction has gradually improved in the procurement cycle of northern steel plant recently, the accumulated inventory and recent production inventory in northern China have not been effectively consumed, which also inhibits the spot transaction price of silicomanganese, so it is difficult to make an obvious breakthrough. It is expected that the spot price of silicon and manganese will continue to operate smoothly in the short term.