Weekly Review of Electrolytic Manganese Market (1.29 ≤ 2.2) domestic Electrolytic Manganese Market Price continues to rise this week

Prices in the electrolytic manganese market continued to rise this week. By Friday, spot prices in the main producing area were 12900 yuan per ton, up 400 yuan per ton from Friday. In the lack of large factory quotation guidance, the market spot resources tight situation still exists, this week's market price rise atmosphere continues, holders have no intention of shipping at low prices. But on the other hand, as the Spring Festival approaches, the demand for downstream enquiries is gradually scarce, the bidding for steel mills has basically landed, the atmosphere of on-site negotiations is gradually light, and it is difficult to form the mainstream at all prices. according to SMM understanding, Mainstream manufacturers spot transactions can be the latest shipment price in the vicinity of 13000 yuan / ton (factory), there is no lack of individual rigid demand replenishment transactions in significantly higher prices.

Forecast next week: although the supplier's intention to push up the price is still obvious, it is expected that there will still be room for upward price in the short term, but as the festival approaches, market trading will gradually weaken, and high transactions are bound to be limited. in addition, from the point of view of production, Most large factories plan to maintain production during the Spring Festival, and the tight supply pattern may gradually improve, creating potential resistance to the continuation and upward movement of prices after the Spring Festival.

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