The price of imported manganese ore was slightly weaker this week, with the collective price of minerals falling slightly, while UMK semi-carbonic acid in South Africa announced on Friday that futures prices fell.
Affected by the low price of goods sold by a trading company in Tianjin Port on Friday, the market followed the decline obviously. Some mining prices adjusted accordingly in order to maintain a reasonable price difference, and the market produced a chain price decline, but the decline was relatively small. Tianjin Port and Macao Block 46% fell by about 1 yuan per tonnage, 44 percent by 0.75 yuan per tonnage, and 36.5 percent by South African semi-carbonic acid by 0.75 yuan per tonnage, and 36.5 percent of South African semi-carbonic acid fell by 0.75 yuan per tonnage. The 44% Brazilian block fell by 0.5 yuan per tonnage.
Affected by the southern steel move this week, manganese ore market transactions are slow, downstream alloy factory wait-and-see mood is thicker, this Monday, Tuesday market transaction situation is OK, then the transaction rhythm gradually slows down, mainly by inquiry, few transactions. Due to the uncertain demand of downstream steel mills and the lack of short-term guidance on silicon and manganese prices, downstream silicon and manganese prices are reluctant to adjust significantly.
On Friday, UMK2019 quoted a price of US $5.70 per tonnage for China Manganese Mine in September 2019, down from US $0.13 per tonnage in August, which is undoubtedly a buffer for the market. While the domestic manganese mine reappears to fall, the profit margin will also be restored.