Home / Metal News /  / [SMM data] the bidding price of electrolytic manganese sheet and manganese ball in Shanghai Baosteel in October was slightly higher than in September.
[SMM data] the bidding price of electrolytic manganese sheet and manganese ball in Shanghai Baosteel in October was slightly higher than in September.
Oct 9,2019 17:33CST
translation
Source:SMM
The bidding price of electrolytic manganese sheet and manganese ball in Shanghai Baosteel in October is slightly higher than that in September.
The content below was translated by Tencent automatically for reference.

Before and after the National Day holiday, domestic steel mills have successively opened tender procurement plans for electrolytic manganese sheets, manganese ingots and manganese balls. Up to now, the purchasing prices of electrolytic manganese sheets in October have increased slightly by 300-400 yuan / ton compared with September prices. For example, the purchase price of electrolytic manganese sheets in Shanghai Baosteel in October has increased by 300 yuan / ton compared with September, and the purchasing price of metal manganese balls has also increased by 300 yuan / ton compared with September. It was finally determined at 12040 yuan / ton, but in October the purchase volume of electrolytic manganese tablets was maintained at 4000 tons, and the purchase of manganese balls was 1200 tons, which did not increase or decrease.

According to SMM, looking back at the bidding prices of electrolytic manganese sheets and manganese balls in Baosteel in July and August, on the one hand, the market supply gradually accumulated and the supply exceeded demand; on the other hand, the overseas steel mills were in the summer break period, so the demand for domestic imports was not high, so transactions in overseas markets were light, accelerating the decline of manganese prices.

From September to October, most of the manganese factories in the south were interested in offering prices. Many traders said that at that time, the source of goods at low prices in the market was more difficult to find, and the purchase of rigid demand had to accept high prices. Therefore, the manganese triangle and Guangxi electrolytic manganese rose slightly by 200-300 yuan / ton, with spot quotations at 11400 yuan / ton. Before and after the National Day, due to the reduction in the purchase of electrolytic manganese by domestic and foreign steel mills, the current spot price of manganese plants has weakened. Therefore, some downstream operators think that the late electrolytic manganese spot price or there will be a small bearish mentality.

 

 

Electrolytic manganese
bidding

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn