Weekly Review of Electrolytic Manganese (7.22-7.26) this week, the narrow-range weak finishing of Electrolytic Manganese Market continues to wait and see the progress of steel measures.

This week, the domestic electrolytic manganese market to maintain a narrow range of weak finishing. As of Friday, the spot price in the mainstream area of the manganese triangle was flat compared with Friday, and the spot offer in the southern region revolved around 13000 yuan / ton (cash factory), but a small number of manganese factories will move the goods at a lower price due to the loan repayment pressure at the end of the month. Sporadic supply has been as low as 12900 yuan / ton level.

On the market side, the overall atmosphere of the electrolytic manganese market this week is calmer, and the transaction price is lower than that of last week, except that some small factories will ship at a slightly lower price. The actual transaction situation of other manganese plants is light, and the manganese plants in the southern region are mainly based on signing period orders. On Wednesday, a manganese factory in Guangxi said that the large northern plant continued to receive about 500tons, with a transaction price of 13100 yuan per ton, but as of Friday, the market also heard that the large factory's late receipt was put on hold. Therefore, some market participants expect that if the northern large factory no longer receives goods and prices in the southern region next week, then it is expected that the market price of electrolytic manganese may continue to fall in line with the development of the market.

In terms of plant opening and production, although environmental protection groups in Chongqing entered the local manganese plant this week for production indicators and pollution sampling inspection, the relevant manganese plants in Chongqing said that they had little impact on the daily production of each electrolytic manganese plant, and local manufacturers basically carried out normal production. In addition, production of manganese plants in Guizhou, which had previously been suspended due to the expiration of mining certificates, resumed production this week. Within a week, there are also manganese plants with a daily output of 30 tons in Guizhou, which are subject to environmental inspection, so production will be suspended and the specific resumption of production will be determined. Therefore, the overall production of electrolytic manganese in China will decrease slightly in July.

At the end of the month, as of Friday, Nanjing Iron and Steel had opened a bidding project for manganese ingots in August, with a purchase volume of 1800 tons, 200 tons less than that in July, but the purchase price has not yet been finalized. The situation of steel moves in August will still be the focus of the market next week, and SMM will continue to update the trend of steel moves.

Generally speaking, it is expected that the electrolytic manganese market may continue to operate in a narrow range next week, but the actual supply and demand situation in the future still needs to continue to wait and see.