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Evaluation of spot Exchange Day of Electrolytic Manganese on April 10, 2020
Apr 10,2020 11:50CST
translation
Source:SMM
Evaluation of spot Exchange Day of Electrolytic Manganese on April 10, 2020
The content below was translated by Tencent automatically for reference.

[a small amount of electrolytic manganese just needed a high price to support the short-term stable trend of manganese price] on April 10, the ex-factory price of spot tax in the mainstream area of manganese triangle was quoted at 10300-10500 yuan / ton, which was the same as yesterday's average price. Guangxi today's spot quotation around 10400-10500 yuan / ton, more stable than yesterday's average price. Domestic electrolytic manganese spot market quotation remained stable on Friday, downstream traders recently purchased spot transactions at 10400 yuan / ton, supporting the smooth operation of manganese prices in the short term. However, at present, the total daily supply of electrolytic manganese is close to 4000 tons, individual manufacturers have a small increase in production within the week, overseas demand is light, domestic just need to purchase in general, part of the futures price delivered in May at 10100 yuan / ton, it is expected that the later manganese price rise is limited, in addition, affected by the low price of steel in April, manganese prices still have downward risks. 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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