From November 1, 2022 to November 3, 2022, the market price of 1 # electrolytic manganese rose. The spot market price in East China was 17300 yuan/ton at the beginning of the month and 17550 yuan/ton at the end of the month, with a monthly increase of 1.45%.

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 strong,. As of November 29, the market inquiry enthusiasm of Tianjin Port has not decreased, and the quotation has been firm. The quotation of semi carbonic acid is about 34.5 yuan/ton, that of Gabon is about 40.5 yuan/ton, and that of Australia is 43.5-44 yuan/ton. Qinzhou Port manganese ore market continued to hold up the price sentiment, with firm quotations and higher transaction prices. The transaction price of semi carbonic acid in South Africa is 37 yuan/ton, that of Australia is 45-45.5 yuan/ton, and that of Gabon is about 42.5-43 yuan/ton. In October 2022, China’s total imports of manganese ore will be 2.635 million tons, with a month on month decrease of 15.7% and a year-on-year increase of 2.1%.

The market of electrolytic manganese fluctuated in the first ten days of the year, and the price rebounded significantly near the end of the month. At present, the mainstream market price is 15800-16000 yuan/ton, and the price has obviously warmed up. The market has a strong price mentality, and some enterprises have a strong price mentality, and they are reluctant to sell. In terms of supply, under the call of enterprises to reduce production, the recent operating rate is still low, the market supply is limited, and some quotations are high, but the overall transaction is limited, and the game psychology of both the supply and demand sides is still strong. The downstream demand is still soft in the near future, and the market is dominated by just needed procurement. The performance of the steel recruitment was fair, the price was higher than in the early stage, and the market mentality was slightly boosted. In general, the electrolytic manganese market lacks the support of actual demand. Under the pattern of weak supply and demand, it is expected to maintain a temporary stable operation in the short term. In the long term, the implementation of production restriction by subsequent enterprises may be beneficial to the market. The tight supply will boost the market mentality. It is expected that the price will be stable and strong, but the room for growth is limited.

In November, the spot price of silicon manganese was on the strong side. In the first ten days, the mining volume of Hegang Group increased month on month and month on month. The market confidence improved, and the futures trend improved significantly. The purchasing atmosphere of the whole market was active. In the last ten days, the news of production stoppage and reduction of downstream steel mills kept coming out, and the price decreased slightly. According to the price monitoring of the business community, the quotation in Ningxia (specification: FeMN68Si18) was about 7050-7150 yuan/ton on November 30, and the average market price was 7091 yuan/ton, up 1.55% 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.