Weekly Review of Electrolytic Manganese (6.3 to 6.6): the Market Price of Electrolytic Manganese remains stable

The market price of electrolytic manganese has remained stable this week. By Friday, the negotiating range price for the main production areas in China was 13100-13300 yuan / ton (cash factory), the average price was the same as last Friday. Among them, a small number of manufacturers in Guizhou also have 13100 yuan / ton transactions (cash factory), this week the electrolytic manganese market is mainly based on the implementation of long orders. The industry said that now the demand side is general, the overall actual transaction is flat.

By the end of the Dragon Boat Festival, some steel mills have finalized the bidding price, mainly to reduce the price, the tender price rise and fall range is different, but the industry said that the current market price as a whole remains stable. In early June, Posco launched the July electrolytic manganese bidding ahead of schedule. The purchase volume of this round was 4085 tons, an increase of 285 tons over the previous month, and the goods were required to be delivered by July 20.

Recently, the overall market price of 200 series stainless steel has been reduced by 50 to 100 yuan / ton, and the industry says that the overall market of 200 series stainless steel is not prosperous, and some of them have been overhauled.

Recently, with regard to the maintenance of steel mills, a stainless steel plant with an annual capacity of 500000 tons in Guangxi has been scheduled to be overhauled for 12 days in June, which is expected to affect the output of 200 series of 30, 000 tons. The steelmaking and hot rolling of a stainless steel plant with an annual production capacity of 470000 tons in Guangxi have been stopped, which is expected to affect 20, 000 tons due to cost upside down or annual maintenance of equipment. SMM will continue to pay attention.