This week (from May 6 to May 13), 1# electrolytic manganese market price continued to decline. The spot market price in East China was 17600 yuan / ton last weekend and 16850 yuan / ton this weekend, down 4.26%.

Manganese ore: affected by the downstream silicon manganese end, the market performance of Tianjin Port manganese ore is relatively cold. Futures fell continuously, the factory’s buying sentiment was not high, there was a willingness to take goods at a low price, and the inquiry price was generally low. Traders are willing to ship goods, but hold the mentality of reluctant to sell at a low price. Due to the decline of manganese ore floating in the sea, the Australian block in the port is still tight in the near future. Gabon’s large ships have not arrived in the port, and there are empty windows for South African mines. The short-term inventory pressure is not high, and the miners’ shipping sentiment in the price will continue. However, the exchange rate continues to rise, the spot cost falls below the cost line, the low price reluctance to sell is also obvious, and the short-term ore price remains cautious. Northern Australia mining fell to 62 yuan / ton degree, Gabon was below 54 yuan / ton degree, and semi carbonic acid returned to 39.5 yuan / ton degree again. The overall commencement in the South was weaker than that in the north, Australia mining fell to 60 yuan / ton degree, Gabon was below 54 yuan / ton degree, and semi carbonic acid was 39 yuan / ton degree.

This week, the electrolytic manganese market continued to decline slightly, but the overall downward trend slowed down compared with the previous period. The market atmosphere is still weak as a whole, and the downstream continues to maintain just needed procurement, but the inquiry price is low. At present, there are low-cost goods inquiry in the market, and the price of steel bidding is 15300-15600 yuan / ton, which drags down the market confidence. At present, the overall market atmosphere is still weak. Although there is news of production reduction in the market, there are mostly negative factors in the market, and the market bearish sentiment prevails. Without clear positive support, the market is waiting for a new round of steel bidding guidance, and the market is expected to be stable and weak in the future.

In terms of manganese and silicon: this week, silicon and manganese still weakened along with black. China Railway Association called for reducing production. Although it increased the market’s short-term confidence, the supply and demand pattern has not changed immediately due to the different implementation progress of various manufacturers. According to the price monitoring of business agency, the mainstream quotation in Ningxia (specification: femn68si18) on May 13 was around 8000-8200 yuan / ton.