Prices in the domestic electrolytic manganese market continued to rise sharply this week, slowing to Friday, with spot prices in the main producing area of 11,500 ≤ 11,700 yuan per tonne (factory), up 650 yuan per tonne from Friday. Due to the maintenance state of the large factories in the north and the decrease in output, the southern suppliers greatly raised the price and shipped the goods, and at the beginning of the week, the spot quotation was raised to the highest level of 12000 yuan per ton (out of the factory), and the center of gravity of the market transaction gradually rose. In the middle of the week around 11500 yuan / ton, near the weekend, with the price step by step upward, high shipping is relatively difficult, but low-cost supply is also difficult to find, the mentality of the industry gradually turned to wait-and-see, the atmosphere temporarily deadlocked.
Next week's forecast: SMM believes that the market's expected date for the resumption of production at large plants in the north is approaching, the sharp increase in electrolytic manganese in recent days will obviously slow down, and the current price is also the recent relative high, downstream buyers generally have a hesitant wait-and-see mentality. It is necessary to pay close attention to the latest news on the resumption of production of large factories in the northern region.
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