This week, the domestic imported manganese ore spot market transactions continue to improve, the futures market performance is flat, manganese ore prices remain weak and stable, some of the low prices of minerals.
On the demand side, the recent upstream alloy factory scheduling and shipment situation is better, manganese mine spot procurement demand also maintained the pace of last week continued to slowly improve, some traders said that this week to inquire, buyers have increased compared with last week, at the same time, Due to the completion of maintenance at the end of the month or the impact of the resumption of production, the potential demand for manganese ore has further improved, and the market demand is still considerable. However, for the futures price alloy factory attitude mostly eat wait-and-see attitude, few manufacturers said that there are futures plans this week.
In terms of prices, due to the overall downturn in the upstream alloy prices in May, a small number of manufacturers shipped slightly lower than the mainstream market prices, and the profit margin is still meagre, although some manganese ore traders have already lost money today, but the prices are weak. The downstream alloy factory is difficult to accept, very some manufacturers because of the persistently high manganese mine stock, still is willing to continue to suppress the mine price, bearish the future market; However, there has been no significant decline in mainstream mining prices this week, and traders have less mentality of falling prices. Some people in the industry have told SMM that at present, the price pressure of some mines is very huge, and before overseas mines give reasonable manganese prices, There will be no significant price adjustment, at the same time, it also said that some mine futures prices are generally considered too high by the domestic industry, and have not yet been accepted by traders, and the differences in quotations between buyers and sellers at home and abroad are also relatively obvious, and it still takes time to negotiate prices.
As of Friday, the average price of 46% of Tianjin, Hong Kong and Macao was about 54 yuan / tonnage, down 0.5 yuan / tonnage from last week, while the average price of 44% of Gabon was 50.5 yuan / tonnage, 1 yuan / tonnage lower than that of last week. At the same time, Brazil and Ghana mining stocks have a greater impact, some traders shipped at a low price, the lowest quoted 50 yuan / tonnage and 40 yuan / tonnage respectively.