[SMM Manganese News] demand-side Price reduction wait-and-see & supply-side Price loosening Electrolytic Manganese Price has fallen for nearly a week-Shanghai Metals Market

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[SMM Manganese News] demand-side Price reduction wait-and-see & supply-side Price loosening Electrolytic Manganese Price has fallen for nearly a week

Translation 02:52:45PM Aug 08, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM8 8: since April this year, the price of electrolytic manganese has continued to rise, but from last week (July 31), the rise in electrolytic manganese seems to have been forced to come to an end, from last Tuesday to the present (August 8). The price of electrolytic manganese has fallen from 19250 yuan per ton to 18600 yuan per ton, down 3.4 percent. As for the fall in electrolytic manganese prices, SMM will take stock of last week's price decline from both demand and supply.

(electrolytic manganese stopped rising and turning down on the last day of July)

According to SMM research, August steel bidding dust settled, demand tends to be flat, compared with the previous price push up, electrolytic manganese high price has been difficult to pay attention, traders generally have a wait-and-see mentality. According to SMM research, some shareholders see that the price is difficult to continue to rise, there is a certain profit-taking mentality, the level of quotation weakened, the center of gravity of the real talk also fell. "View details

From the supply side, due to the electrolytic manganese seller profit is better, profit space is larger, some small factories began to loosen the price, slightly reduced the signs of sale, the overall offer slightly declined. However, due to the resumption time of large manganese plants is still difficult to determine, the supply of small plants has little impact on supply and demand. According to SMM investigation, in the specific production, Ningxia Dachang, Songtao area output has not yet seen a specific plan to restore production; Hunan Huayuan area manganese plant construction level is not bad, but there are rumors that the Central Environmental Protection Group will be stationed again in September to "look back", manufacturers in the production at the same time actively self-check rectification in order to pass the inspection; Chongqing Xiushan and Guangxi manganese plant construction situation is relatively stable, spot resources are also very limited. "View details

August 8, electrolytic manganese market price decline deepened. With the weakening of the market mentality and the accumulation of product stocks in the near future, the quotation intention of manganese plants is constantly loosening, and the psychological price of spot prices generally revolves around 18,000 ≤ 18,200 yuan / ton (cash out of the factory). The manganese plant, which had no intention of cooperating with the price drop in the early stage, also changed its attitude. However, the downstream buyer's price reduction mentality is still obvious, and the acceptance of orders is limited. The market rumored to have 17800 yuan / ton (cash factory) spot transaction, according to SMM understanding, the goods for sulfur content can not meet the national standard of electrolytic manganese sheet, sporadic small single transaction. SMM believes that the current pattern of electrolytic manganese supply in short supply has not been reversed, but due to a change in market mentality, the decline in prices this week will continue, the lowest level may reach 17800 ≤ 18,000 yuan / ton level. And wait until the second half of the month, downstream steel mills one after another to open procurement, the market may still appear tight supply situation, prices will improve at that time.

[SMM Manganese News] demand-side Price reduction wait-and-see & supply-side Price loosening Electrolytic Manganese Price has fallen for nearly a week

Translation 02:52:45PM Aug 08, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM8 8: since April this year, the price of electrolytic manganese has continued to rise, but from last week (July 31), the rise in electrolytic manganese seems to have been forced to come to an end, from last Tuesday to the present (August 8). The price of electrolytic manganese has fallen from 19250 yuan per ton to 18600 yuan per ton, down 3.4 percent. As for the fall in electrolytic manganese prices, SMM will take stock of last week's price decline from both demand and supply.

(electrolytic manganese stopped rising and turning down on the last day of July)

According to SMM research, August steel bidding dust settled, demand tends to be flat, compared with the previous price push up, electrolytic manganese high price has been difficult to pay attention, traders generally have a wait-and-see mentality. According to SMM research, some shareholders see that the price is difficult to continue to rise, there is a certain profit-taking mentality, the level of quotation weakened, the center of gravity of the real talk also fell. "View details

From the supply side, due to the electrolytic manganese seller profit is better, profit space is larger, some small factories began to loosen the price, slightly reduced the signs of sale, the overall offer slightly declined. However, due to the resumption time of large manganese plants is still difficult to determine, the supply of small plants has little impact on supply and demand. According to SMM investigation, in the specific production, Ningxia Dachang, Songtao area output has not yet seen a specific plan to restore production; Hunan Huayuan area manganese plant construction level is not bad, but there are rumors that the Central Environmental Protection Group will be stationed again in September to "look back", manufacturers in the production at the same time actively self-check rectification in order to pass the inspection; Chongqing Xiushan and Guangxi manganese plant construction situation is relatively stable, spot resources are also very limited. "View details

August 8, electrolytic manganese market price decline deepened. With the weakening of the market mentality and the accumulation of product stocks in the near future, the quotation intention of manganese plants is constantly loosening, and the psychological price of spot prices generally revolves around 18,000 ≤ 18,200 yuan / ton (cash out of the factory). The manganese plant, which had no intention of cooperating with the price drop in the early stage, also changed its attitude. However, the downstream buyer's price reduction mentality is still obvious, and the acceptance of orders is limited. The market rumored to have 17800 yuan / ton (cash factory) spot transaction, according to SMM understanding, the goods for sulfur content can not meet the national standard of electrolytic manganese sheet, sporadic small single transaction. SMM believes that the current pattern of electrolytic manganese supply in short supply has not been reversed, but due to a change in market mentality, the decline in prices this week will continue, the lowest level may reach 17800 ≤ 18,000 yuan / ton level. And wait until the second half of the month, downstream steel mills one after another to open procurement, the market may still appear tight supply situation, prices will improve at that time.