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Weekly Review of Electrolytic Manganese (6.17-6.21): the Price Center of gravity of Electrolytic Manganese Market is stable
Jun 21,2019 16:55CST
translation
Source:SMM
Weekly Review of Electrolytic Manganese (6.17-6.21): the Price Center of gravity of Electrolytic Manganese Market is stable
The content below was translated by Tencent automatically for reference.

The price center of gravity of domestic electrolytic manganese market is stable this week. To Friday, the spot price of the main domestic producing area is still around 13100-13300 yuan / ton (cash factory), the average price is the same as last Friday. On the market side, looking back on the whole week, most manufacturers are busy delivering long orders, a few of which have reported July futures, with a limited number of transactions. There is a slight shortage of spot resources in the market, the actual demand is general, a small number of manufacturers have high price sentiment, do not want to ship at a low price. Within the week, there are large northern plants in the early stage of the market release of procurement demand for delivery, and the future is also expected to continue to receive goods, there is a certain degree of support for the electrolytic manganese market price. The industry expects short-term electrolytic manganese prices to fluctuate little and maintain a stable state of mind.

In terms of production, the operating rate of domestic electrolytic manganese manufacturers is OK this week, and the production in the main producing areas is basically normal. Although the rainfall in the southern region has increased, a small number of southern freight transportation has been slightly slow due to weather and other reasons, and the industry has not reflected that it has had much impact on the production and transaction of the factory. In addition, this week, some operators said that the new electrolytic manganese production line in Yunnan will be put into production in mid-June, so it is expected that the domestic electrolytic manganese production will increase from the middle to late June.

Downstream 200 series stainless steel, this week the overall market price increase is not large, cold and hot rolled overall price fluctuation range of 50 to 100 yuan / ton, some operators said that the current market supply and demand balance, it is expected that the short-term 200 series stainless steel market is stable.

Overall, the electrolytic manganese market this week to maintain a smooth operation, price fluctuations continue to wait and see the market supply and demand changes, SMM will continue to pay attention to.

Weekly Review of Electrolytic Manganese

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