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Evaluation of spot Exchange Day of Electrolytic Manganese on April 2, 2020
Apr 2,2020 11:40CST
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Source:SMM
Evaluation of spot Exchange Day of Electrolytic Manganese on April 2, 2020
The content below was translated by Tencent automatically for reference.

[electrolytic manganese spot price sentiment increases downstream procurement wait and see] on April 2, 2020, the ex-factory price of spot tax in the mainstream area of manganese triangle was quoted at 10200-10400 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. At the beginning of this month, some steel mills began bidding one after another, among which, according to SMM, the purchase price of metal manganese balls in Xiangtan Iron and Steel in April was 11260 yuan / ton, 160 yuan / ton higher than that in March, and the purchase volume in April increased to 1200 tons. At present, the manganese triangle mainstream electrolytic manganese spot price sentiment has increased, but the market spot trading atmosphere is light, the buyer is more wait and see, at the beginning of the week there are Guangxi manufacturers a small number of spot transactions in 10400 yuan. Tons, the industry said that in the short term manganese prices continue to weaken there is little room, but the rise lacks strong support, will be weak and stable operation in the short term. The price of electrolytic manganese in the main producing area of SMM is 10200-10400 yuan / ton, and the average price is more stable than yesterday.

 

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