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Weekly Review of Electrolytic Manganese (7.8 to 7.12) continuous stable and weak Operation of Electrolytic Manganese Market
Jul 12,2019 17:59CST
translation
Source:SMM
Weekly Review of Electrolytic Manganese (7.8 to 7.12) continuous stable and weak Operation of Electrolytic Manganese Market
The content below was translated by Tencent automatically for reference.

 

 

 

This week, the domestic electrolytic manganese market continued to operate steadily and weakly. As of Friday, the spot price in the mainstream area of the manganese triangle in China was flat compared with last week, mostly around 13100 to 13200 yuan / ton (cash factory), of which a few mainstream retailers were gradually approaching 13000 yuan / ton. Since the price of electrolytic manganese in the manganese triangle region fell slightly last week, the average ex-factory price has been adjusted to 13100 yuan / ton, and the market price of electrolytic manganese has not fluctuated significantly as of Friday.

In terms of the market this week, the industry reflects the general market demand, the actual transaction is flat, manganese factories in the manganese triangle said that there are fixed signing customers, mainly to execute the long order, in which the prices signed by individual bills are also on the low side. Exporters in foreign markets say that there are fewer overseas inquiries, the transaction is light, and the execution of long orders is the main thing. Therefore, some operators are bearish on the short-term market, but others believe that the price of short-term electrolytic manganese will operate steadily and weakly. Mainly because there are large northern factories on the market that continue to receive goods and have an obvious willingness to raise prices, the operators say that the large factories receive about 1400 tons of goods a week in the south, and this week the steel moves at home and abroad have come to an end one after another. In the early days, most operators mainly handed in documents.

In terms of production, manganese plants in Guizhou and Hubei have been shut down and overhauled in July, and the operators in the plant have indicated that it is expected to last until the end of July, and the specific time of resumption of production is still uncertain, so the domestic electrolytic manganese production will decline in July.

This week, some people said that a new round of environmental protection will begin, and that Chongqing is the area covered by the new environmental inspection. Whether it will have an impact on start-up and production in Chongqing remains to be seen.

 

 

 

 

 

 

 

Weekly Review of Electrolytic Manganese

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