From October 1, 2022 to October 31, 2022, the market price of 1 # electrolytic manganese will rise. The spot market price in East China will be 16700 yuan/ton at the beginning of the month and 17300 yuan/ton at the end of the month, with a monthly increase of 3.59%.
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The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the weekly and monthly electrolytic manganese K-bar chart above that the electrolytic manganese market stopped falling and recovered after entering August. Although the increase rate in August and September was less than 1%, the increase rate in October was 3.59%, and the electrolytic manganese market began to recover. From the weekly chart, we can see that the electrolytic manganese market has maintained a temporary stable operation for most of the time, and the price has risen significantly near the end of October.
Manganese ore: In October, the manganese ore market was dominated by weak operation, and the manufacturers’ price reduction was obvious, but the demand was relatively stable. In terms of transportation, the lines in Inner Mongolia and Shanxi are still limited, the freight rate keeps rising slightly, and the superimposed silicon manganese market goes down, and the loss of manufacturers further rises. As of October 28, the semicarbonic acid in Tianjin Port was 34-34.5 yuan/ton, the Australian block was about 44.5 yuan/ton, the transaction of Australian seed dropped below 40 yuan/ton, and Gabon was about 39 yuan/ton. The short-term price performance was weak, and the shipment sentiment was strong; In Qinzhou Port, the transaction price of South Africa semi carbonic acid is lower than 35 yuan/ton, and the price of Australia is 44-45 yuan/ton. The price of Gabon block is about 42 yuan/ton.
In September 2022, China will import 3.126 million tons of manganese ore, an increase of 30.25% compared with 2.4 million tons in August; The import volume from South Africa in September was 1537900 tons, an increase of 55.11% month on month. In September, the import volume from Australia was 4216000 tons, an increase of 91.5% month on month.
From January to September 2022, China imported 22229300 tons of manganese ore.
The electrolytic manganese market has rebounded slightly since the end of August, but the overall performance is average, with a monthly increase of less than 1%. After entering October, the first half of the month remained temporarily stable for most of the time, and the price rose slightly near the end of the month. At present, the mainstream market price is 15500-15700 yuan/ Tons, but the market turnover was less than expected, and the downstream still focused on purchasing on demand. In terms of steel bidding, POSCO, South Korea, resumed electrolytic manganese bidding again this month, boosting the market mentality. However, the overall situation of domestic steel bidding has also improved compared with the previous period. The quantity and price of steel bidding have rebounded to a certain extent compared with the previous period, and the market mentality has improved to a certain extent. The domestic alliance will implement the measures of limiting production and reducing production in August December. After the alliance meeting, the price starts to rise slightly. The enterprises have a strong attitude towards price fixing, and the market has been boosted to a certain extent. It is expected that the future market price will remain stable and strong, and there is still some room for growth. The mentality of supply and demand game is strong.
Bad news kept coming in October. The domestic silicon manganese spot market had a poor trend, and the futures market declined. According to the price monitoring of the business community, the quotation in Ningxia (specification: FeMN68Si18) was about 7000-7200 yuan/ton on October 28, down 1.62% from the beginning of the month.
Relevant data:
In September 2022, China’s imports of electrolytic manganese were 2000.39 tons, up 1000.38 tons month on month; In September 2022, the export volume of China’s electrolytic manganese was 23464.81 tons, up 3643.88 tons month on month.
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