Evaluation of spot Exchange Day of Electrolytic Manganese on April 1, 2020

[at the beginning of this month, the electrolytic manganese market continued to be weak and stable waiting for the new wheel steel recruitment pricing] on April 1, 2020, the ex-factory price of spot tax in the mainstream area of the manganese triangle was quoted at 1020010400 yuan / ton, which was the same as yesterday's average price. Guangxi today's spot quotation revolves around 10300-10500 yuan / ton, which is more stable than yesterday's average price. Today, the spot quotation of domestic electrolytic manganese is more stable than yesterday as a whole. Some operators said that shipment may stagnate near the holiday. At the beginning of April, some domestic steel mills have determined the bidding procurement plan. The ex-factory price of electrolytic manganese is about 10200 yuan / ton. The steel price is still obvious. In addition, according to SMM, Xiangtan Iron and Steel opened a tender for metal manganese balls in April, and the purchase quantity of manganese balls is expected to be 1200 tons. SMM will continue to update the steel recruitment information in the later stage. In the short term, it is expected that the spot price of electrolytic manganese in China is stable for the time being, and the price of electrolytic manganese in the main producing area of SMM is 10200-10400 yuan / ton, the average price is more stable than yesterday.