This week, the manganese mine market experienced a whole month of loss, and the price decline was alleviated, with an overall price drop of about 0.5 yuan per ton, but a small number of miners tried to push up their prices, but they were subject to the recent uncertainty of steel prices in downstream alloy factories. The purchasing intention of the alloy factory is general, and there is no actual effect of price increase.
On the demand side, this week, most of the downstream for exploratory inquiries, transaction activity in general. The pressure of cash flow of manganese miners is obvious, passive quotation with the market is the main theme of the week, the price line is not the mainstream behavior; The determination of the price of northern Hegang on Friday has brought guidance to the price of silicon-manganese alloy downstream. The profit margin of the northern alloy plant is slightly thicker than that in May, and the dull May manganese market has led to a larger consumption of manganese ore inventory in the alloy plant. The sharp increase in demand for silicon and manganese in June will lead to an increase in demand for manganese mines in the upper reaches, and traders said on Friday afternoon that the situation of inquiry and procurement for manganese mines had improved slightly.
In terms of inventory, the continuous backlog of manganese mine inventory is still the "scar" of manganese miners, and the loss in May was only continuous shipment. At the end of the month, Tianjin Port imported 1.6302 million tons of manganese ore into storage in May (including ununloaded volume). During the month, the inventory volume was 1.5581 million tons, and the total inventory in Tianjin Port was 3.054 million tons, an increase of 854000 tons over the end of April, of which 1.414 million tons were South African mines, 324000 tons more than at the end of April, and 358000 tons more than at the end of April. 23000 tons more than at the end of April, 257000 tons for Brazil, 44000 tons more than at the end of April, 324000 tons for Gabon, 92000 tons more than at the end of April, 170000 tons for Malaysia, 780000 tons more than at the end of April. The Ghanaian mine is 334000 tons, an increase of 213000 tons over the end of April.
Although the demand side is good, but the port import manganese ore supply is more than the demand situation is difficult to reverse, the future short-term manganese ore price may take the interval stability as the main theme.
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