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Weekly Review of Electrolytic Manganese (6.10-6.14): the Market Price of Electrolytic Manganese continues to be stable
Jun 14,2019 15:40CST
translation
Source:SMM
Weekly Review of Electrolytic Manganese (6.10-6.14): the Market Price of Electrolytic Manganese continues to be stable
The content below was translated by Tencent automatically for reference.

The market price of electrolytic manganese has remained stable this week. By Friday, the negotiated price in the main domestic production area was 13100-13300 yuan / ton (cash factory), the average price was the same as last Friday. At present, most manufacturers still give priority to the implementation of long orders, and there are not many spot resources in the market. Most of the manufacturers with quotations ship at stable prices, but a few factories have no intention to reduce prices because of high costs. Individual manufacturers discuss around 13100 yuan / ton. As of Friday, the operating rate of domestic electrolytic manganese manufacturers is OK, and the production of electrolytic manganese in the main producing areas is basically normal. At present, it is the middle of the month, and most of the manufacturers deliver long orders. Some operators said that the current market supply and demand to maintain a balance, the state of mind is basically stable, as of Friday a small number of manufacturers have reported July futures, the transaction is limited, the price of electrolytic manganese does not fluctuate much in the short term.

This week, some people said that in mid-June, manganese plants in Chongqing had plans to increase production in Yunnan, with an estimated annual production capacity of 100000 tons. Operators in Guizhou said they expected to receive a notice of environmental inspection in June, but the opening rate of factories in Guizhou was normal as of Friday.

After the Dragon Boat Festival, as of Friday, the overall price of the 200 series downstream showed a downward trend, and the overall price of cold and hot rolling was reduced by 50 to 100 yuan / ton. Coupled with the maintenance of some stainless steel plants in Guangxi in June, the demand for electrolytic manganese decreased. The industry said that the stainless steel market has a tendency to enter the off-season, and the transaction situation of the overall 200 series stainless steel market is expected to be stable and weak at present.

Taken together, this week as a whole to maintain a steady trend, market prices still need to continue to wait and see changes in market supply and demand, SMM will continue to pay attention to.

Weekly Review of Electrolytic Manganese

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