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Evaluation of spot Exchange Day of Electrolytic Manganese on April 9, 2020
Apr 9,2020 11:40CST
translation
Source:SMM
[the market price of electrolytic manganese is increased by the downside risk of low price transactions]
The content below was translated by Tencent automatically for reference.

[the market price of electrolytic manganese is increased by the downside risk of transactions at low prices] on April 9, the spot including tax ex-factory price in the mainstream area of the manganese triangle was quoted at 10300-10500 yuan / ton, unchanged from yesterday's average price; Guangxi's spot quotation today revolves around 10400-10500 yuan / ton, which is more stable than yesterday's average price. At present, affected by the low bidding and pricing of some domestic steel mills in April, the actual transaction price has a small downward trend, but when it touches the production cost line of manganese plants, the mood of manufacturers has increased, and many operators think that the decline is limited. At present, there are manganese factories in the manganese triangle area to deliver pre-festival orders, according to the industry, the delivery period of this order has been delayed by the epidemic situation for two months, so there is no spot quotation and surplus inventory in the factory for the time being, and there is a significant reduction in overseas demand in April. Domestic purchases are just needed, and there are not many market inquiries, and manganese prices are expected to be weak and stable. The price of electrolytic manganese in the main producing area of SMM is 10300-10500 yuan / ton, and the average price is more stable than yesterday.

 

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