This week, the domestic electrolytic manganese market showed a slight weak trend. In early July, the spot quotation in the mainstream area of the manganese triangle fell slightly, around 13100 yuan / ton (cash factory), in which a few mainstream retailers gradually approached 13000 yuan / ton.
As of Friday, major northern factories mainly received high prices in Guangxi, the receiving price was concentrated in 13200 yuan / ton, down 100 yuan / ton from last week, and the price of electrolytic manganese in Guangxi remained stable as a whole. And this week manganese triangle manganese factory spot quotation in 13100 yuan / ton, compared with last week down 50 100 yuan / ton, some manufacturers think that the current downstream user inventory is too much, the demand is not prosperous, but also forced by the factory sales pressure, weekly market inquiry will let profit delivery in order to ease the pressure of cash turnover in the factory, other non-spot manufacturers overquote the main, also heard that the negotiation price of individual orders is only 12900 yuan / ton, the market inquiry within the week will allow the profit to ship the goods in order to ease the cash flow pressure in the factory, other spot manufacturers overquote the main, but also heard that the negotiation price of individual orders is only 12900 yuan / ton. Some manufacturers believe that the price development of electrolytic manganese tends to be stable and weak in the later stage.
In terms of production, Sichuan shut down manganese plants in early July said that the specific resumption plan is expected to wait until August, so the shutdown will affect the production of electrolytic manganese in July.
As of Friday, the major domestic steel mills have basically finalized the bidding price and procurement volume in July, the overall steel price has dropped by 100 yuan to 200 yuan / ton compared with June, the price reduction situation is still obvious. In August, the bid price of electrolytic manganese in Posco was settled at US $1859-1869, down US $8-18 / ton from July, and the purchase volume was 3990 tons, down 95 tons from June.
For the late electrolytic manganese price trend, some operators said that the current market circulation sources are not many, coupled with the northern large factories have receiving plans and market prices, will not form a sharp decline in prices, is expected to run steadily in the short term.