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Weekly Review of imported Manganese Mine (4.26-4.30): the mood of final shipment of downstream steel is becoming stronger and stronger.
Apr 30,2020 17:47CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

This week the mainstream steel mill silicon manganese tender settled, the increase is basically in line with market expectations, manganese ore quotation and transaction price to determine the scope.

As of Thursday, Tianjin Hong Kong and Macao 45.5% mainstream quotation 58-60 yuan / tonnage, the actual transaction price 56-57.5 yuan / tonnage, Gabon 44% mainstream quotation 56-57 yuan / tonnage, the actual transaction price 54.5-56 yuan / tonnage, 36% South Africa semi-carbonic acid mainstream quotation 57 yuan / tonnage, the actual transaction price 54-55 yuan / tonnage, 33% South Africa high-speed rail quotation and transaction price 46-47 yuan / tonnage; Qinzhou Hong Kong and Macao block 45.5% mainstream quotation 57-58 yuan / tonnage, the actual transaction price 55-57 yuan / tonnage, Gabon 44% mainstream quotation 5657 yuan / tonnage, the actual transaction price 55-56 yuan / tonnage, 36% South Africa semi-carbonic acid mainstream quotation 57-58 yuan / tonnage, the actual transaction price 55-57 yuan / tonnage, 33% South Africa high-speed railway quotation and transaction price-4344 yuan / tonnage.

After the bidding price of the northern mainstream steel mill is settled, the spot market price of silicon manganese and manganese ore is basically locked, in which the rising trend of manganese ore is in the paragraph, and the further rise will make the alloy plant raise the cost again and lead to loss. Due to the obvious decline in the arrival volume and inventory data of manganese mines in May, the purchasing demand of some alloy factories which have direct cooperation with overseas mines will also increase, and the possibility of ore prices falling back after Labor Day is also less likely. However, at the end of May, the market may have been fermented as a result of the blockade in South Africa, resulting in a full recovery of the supply of imported manganese ore, and market expectations and sentiment may have a negative impact on mineral prices.

Weekly Review
Silicon Manganese Alloy
Manganese Ore

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