The market price of 1 # electrolytic manganese rose this week (October 14 to October 21). The spot market price in East China last weekend was 17050 yuan/ton, and this weekend was 17300 yuan/ton, up 1.47%.

Manganese ore: Affected by the downward trend of logistics and futures markets, manganese ore maintained a weak market this week, with insufficient overall demand. The manufacturers kept their pressure on the price, and the price of ore fell significantly, with an overall decrease of 0.5-1 yuan/ton degree, about 34.5 yuan/ton degree of semi carbonate in Tianjin Port, about 45.5 yuan/ton degree of Australian block, and less than 40 yuan/ton degree of Gabon block. The price of Qinzhou Port manganese ore retreated, the price of semi carbonic acid fell 0.5-1 yuan/ton, the transaction price was 35-35.5 yuan/ton, and the price of Australia was 44-45.5 yuan/ton.

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 K column chart of electrolytic manganese above that since March 2022, the price of electrolytic manganese has continued to decline. After a slight rise in the end of August, the price has continued to stabilize temporarily, and since the end of September, the price has risen slightly.

This week, the electrolytic manganese market continued to rise slightly, with the mainstream price of the market at 15600-15900 yuan/ton. Enterprises have a strong price mentality, and it is difficult to find low-cost goods on the market. The overall market is bullish. POSCO, South Korea, resumed the electrolytic manganese bidding again this week, boosting the market mentality. The recent domestic bidding situation is also relatively good, and the quantity and price of steel bidding have rebounded somewhat compared with the previous period. It is expected that the future market price will remain stable and strong, and there is still some room for improvement. The supply and demand game mentality is strong.

Manganese and silicon: This week, the domestic silicon and manganese had a poor trend, and the futures side declined. As of Friday, the main contract had closed at 6990, down 240 points compared with the 7230 opening on Monday. On the spot side, as the steel bidding was basically finalized in October, transactions in various regions were good this week. According to the price monitoring of the business community, the market price of silicon and manganese in Ningxia (specification: FeMN68Si18) was about 7150-7250 yuan/ton on October 21, and the average market price was 7225 yuan/ton.