[SMM investigation] in September 2019, the bidding summary of electrolytic manganese sheet, metal manganese ball and metal manganese ingot in domestic steel mills (as of September 10)

In early September, the bidding for electrolytic manganese, metal manganese ball and manganese ingot by a new round of domestic steel mills has ended, and the purchasing prices of major steel mills in September are still on the low side.

SMM believes that in September, the new round of steel plant electrolytic manganese sheet and metal manganese products bidding prices fell sharply again, converted electrolytic manganese tax factory cash price as low as 11000 yuan / ton. Up to now, although there are still more stocks in the market, most manganese factories in the southern region still insist on offering prices, quoted around 11300-11500 yuan / ton, and there are many market inquiries, but it is more difficult to find the source of low-priced goods. Although the atmosphere of the market game is more obvious, there is no lack of a small number of downstream urgent cases of picking up the goods, so eventually they have to close at high prices, and the trading volume is generally on the low side. In the short term, it is expected that the spot price of electrolytic manganese may run steadily. The rise is limited.