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[SMM Analysis] New Wheel Steel Plant bidding to Open Electrolytic Manganese Market with strong wait-and-see mood
Jul 24,2019 14:47CST
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Source:SMM
New Wheel Steel Plant bidding to Open Electrolytic Manganese Market with strong wait-and-see mood
The content below was translated by Tencent automatically for reference.

Towards the end of July, the electrolytic manganese market also came the new wheel steel plant bidding information, some companies reported that most of the current steel plant bidding information will be opened one after another, but it is expected that the new round bidding price will tend to fall slightly. Because from the comparative analysis of the purchase price and purchase volume of steel recruitment in the past June and July, the purchase price of some steel mills fell slightly by about 100 yuan per ton in July. In addition, the spot transaction price of electrolytic manganese market in the mainstream area of the manganese triangle has dropped slightly by about 100 yuan per ton in the near future. At present, the actual demand is not prosperous, and most of the manganese plants in the southern region are mostly partial to the low price to execute the order. A few weeks ago, large northern factories received goods in the southern region and were willing to raise prices, and the transaction price in Guangxi was concentrated at 13200 yuan per ton. However, on Wednesday, some operators in Guangxi reported that the receiving price of large factories fell by 13100 yuan per ton. In addition, a small number of manganese factories in other mainstream areas have also seen a marked decline in the negotiation and transaction prices of scattered customers. Some manufacturers believe that the current electrolytic manganese price drop is in line with the development of the current market situation.

Today, some market merchants reported that Nanjing Iron and Steel has opened the bidding project for manganese ingots in August. It is reported that the new round of manganese ingots invited tenders for 1800 tons in August. It is reviewed that in July, Nanjing Iron and Steel purchased 2000 tons of manganese ingots, and the purchase price was 14400 yuan / ton, which was 100 yuan / ton lower than the bidding price in June. For the situation that the market price of electrolytic manganese should be reduced instead of rising, it is expected that the purchasing price of metal manganese ingots may be weak in August. In the face of the opening of the tender for the new wheel steel plant in August, most businesses have increased their wait-and-see mood for the market, and some of them are gradually bearish on the price of electrolytic manganese in the later stage. therefore, the minority industry expects that the purchase price of new wheel steel may have a decline of about 100 yuan per ton.

Downstream 200 series stainless steel, the summer heat of the season, domestic steel mill 200 series production is relatively normal, demand is relatively flat, Wuxi and Foshan area for 200 series stainless steel prices a few days ago a small 50 100 yuan / ton rise to test water, but as of Wednesday price correction, some merchants said that in the face of weak demand will be a little profit.

Generally speaking, in the short term, the market price of electrolytic manganese still has the risk of weak operation, as the market industry believes that the electrolytic manganese market may be in the current situation background, in line with the development trend of the market, but the final electrolytic manganese market price is still closely related to the current actual supply and demand.

 

 

 

 

Electrolytic manganese analysis

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