According to SMM research, the domestic manganese triangle electrolytic manganese spot quotation is basically around 12500-12800 yuan / ton, the average market price as a whole was slightly reduced by 100yuan / ton compared with last week; in addition, the spot price in Guangxi was also reduced by 100yuan / ton compared with last week, focusing on the transaction of 12750 yuan / ton. At present, with the gradual increase in the number of manufacturers in the manganese triangle region, the spot quotation of electrolytic manganese on the market is on the active side, but the release of downstream procurement demand is less, and the supporting force of manganese price is not strong. I have even heard that some areas in the south have spot prices of less than 12500 yuan / ton, compared with last week's high prices of electrolytic manganese, this week's spot prices have a small rational fall, some market people are worried about whether the late manganese prices will fall sharply again.
(statistics of spot ex-factory price of electrolytic manganese in the mainstream of manganese triangle in China)
(export Price of FOB Electrolytic Manganese in China)
According to the national electrolytic manganese production situation, the operating rate of Hubei affected by the epidemic situation is currently 0. According to SMM, under the strict control of the epidemic situation, the local resumption of work will continue to be postponed, depending on the actual control performance. In addition to Hubei, there are Yunnan and Shaanxi local manganese plants do not have specific plans to resume production, so the short-term operating rate is 0. Xinjiang and Ningxia manganese plants, which have always maintained a balanced production volume, have a relatively stable performance on the market at present. In addition, large factories stopped production during the epidemic in Guangxi and gradually resumed production. According to SMM research, the overall daily output in Guangxi has increased to 600 tons; the daily output in Hunan has increased to 50 tons; the overall market supply in Chongqing has been maintained at 25 tons, and according to the local manganese factory, production is expected to resume as soon as possible at the beginning of March. Finally, the daily output of Guizhou increased to about 130 tons this week compared with last week. To sum up, as of mid-and late February, the daily output of electrolytic manganese in China has basically been maintained at 2600-2700 tons. For the current procurement demand in the downstream market, it is reasonable for some operators to say that the price of manganese has skyrocketed to a high level in the early stage, but although the operating rate has increased, the release of demand has decreased, and the price of manganese may continue to weaken, but in the short term, individual steel mills will make up for manganese metal, and the purchasing price as a whole will rise again. Therefore, it is expected that the spot ex-factory price of domestic electrolytic manganese may run at a low level of 12000-12500 yuan / ton for a short time.