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Evaluation of spot Exchange Day of Electrolytic Manganese on April 24, 2020
Apr 24,2020 13:00CST
[individual steel mills open tenders in May to stabilize short-term manganese prices]
The content below was translated by Tencent automatically for reference.

[individual steel mills started bidding in May for short-term manganese prices to stabilize] on April 24, spot including tax shipments in the mainstream area of the manganese triangle revolved around 10400-10500 yuan / ton, which was stable compared with yesterday's average price, while Guangxi's spot including tax ex-factory quotation concentrated at about 10500 yuan / ton, which was the same as yesterday's average market price. On Friday, the average spot price of most electrolytic manganese in China remained stable at 10500 yuan / ton compared with the beginning of the week. Although high prices were quoted, the willingness to accept purchase downstream was not high, and the game atmosphere of market supply and demand appeared. With the opening of steel recruitment in May one after another, downstream merchants made more inquiries, and the demand for replenishment at bargains may be released. As of this week, individual steel mills at home and abroad have started purchasing manganese in May, of which Nanjing Iron and Steel plans to purchase 1500 tons of manganese ingots in May, the same amount as in April, but it has not been priced yet. SMM will update more steel recruitment information in time, and the spot price of short-term electrolytic manganese will run stably for the time being. The price of electrolytic manganese in the main producing area of SMM is 10400-10500 yuan / ton, and the average price is the same as that quoted yesterday.


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