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Weekly Review of Electrolytic Manganese (4.27-4.30) in April, the manganese market ended smoothly and the price of manganese was bullish after the festival.
Apr 30,2020 17:47CST
translation
Source:SMM
In April, the market of manganese market closed smoothly and the price of manganese was bullish after the festival.
The content below was translated by Tencent automatically for reference.

As of Friday, the ex-factory price of spot tax in the mainstream area of the manganese triangle was around 10500-10600 yuan / ton, 100 yuan / ton higher than the average price on Friday, while the spot quotation in Guangxi on Friday was around 10500-10600 yuan / tonne, a slight increase of 50 yuan / tonne from the average price on Friday. As of Friday, China's FOB electrolytic manganese quotation range was more stable than Friday's average price of $1510 / tonne, the European electrolytic manganese market price this week also showed a month-on-month overall quotation range unchanged, around $15801630 / tonne.

On the market side, the overall southern region electrolytic manganese spot price operation within the week, most manufacturers retail spot resources less than 10500 yuan / ton negotiation and transaction willingness is not strong, the downstream terminal just need to replenish the high price transaction is also acceptable, but the quantity is limited. In addition, due to the increase of sulfuric acid to factory price and the increase of ore shortage production cost in the near future, some manganese plants plan to reduce production or stop production in May, so it is expected that the output of electrolytic manganese in China will decrease in May compared with the previous month.

In terms of production, according to SMM statistics, the total supply of electrolytic manganese in April was about 113000 tons, an increase of 14.15 percent over the previous month. In addition, the operating rate of manganese plants in the manganese triangle region and Guangxi region increased to varying degrees in April. According to related operators, the price of imported manganese ore rose at the downstream terminal, and the production cost of some steel mills at the downstream terminal increased significantly. There was an inquiry for electrolytic manganese and a small number of transactions within the week. As a result, large factories in various regions have slightly increased daily production supply to deliver spot or promissory orders.

In terms of steel recruitment, most steel mills have announced the tender pricing of manganese metal in May, and the tender price has increased slightly as a whole, so many operators believe that the spot price of electrolytic manganese after the festival may move up slightly or slightly because of the support of raw material costs and the increase in steel prices.

To sum up, the manganese price is running stably after the festival, and the increase of actual trading volume will support the continuous increase of manganese price in the later stage.

 

Finally, I wish you all a happy May Day holiday! "

 

Weekly Review
Electrolytic Manganese

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