Evaluation of spot Exchange Day of Electrolytic Manganese on April 3, 2020

On April 3, 2020, the spot including tax ex-factory price in the mainstream area of the manganese triangle was quoted at 10300-10500 yuan / ton, 100 yuan / ton higher than yesterday's average price; Guangxi's spot quotation today revolves around 10400-10500 yuan / ton, up 50 yuan / ton from yesterday's average price.

Before the festival, the atmosphere of the price in the domestic electrolytic manganese spot market was strengthened. The latest quotation of some manganese plants was close to 10500 yuan / ton, but the mainstream transaction price was 10400 yuan / ton, which was slightly higher than the average market price of 50-100 yuan / ton at the beginning of the week. At present, manganese plants in the southern region say that futures orders have been signed by the end of April, and that there are few spot resources in the plant. In addition, many steel mills downstream in the near future have just needed to purchase spot, and overseas shipping is restricted, and they have taken delivery orders in advance one after another, so the increase in demand supports the short-term increase in manganese prices. The price of electrolytic manganese in the main producing area of SMM is 10300-10500 yuan / ton, the average price is 100 yuan / ton higher than yesterday.