Home / Metal News /  / [SMM data] the trend of bidding and pricing of manganese steel at home and abroad in May has increased steadily compared with the previous month.
[SMM data] the trend of bidding and pricing of manganese steel at home and abroad in May has increased steadily compared with the previous month.
May 9,2020 13:43CST
translation
Source:SMM
The trend of inviting and pricing of metal manganese steel at home and abroad in May has increased steadily compared with the previous month.
The content below was translated by Tencent automatically for reference.

According to SMM, the overall tender pricing of manganese metal by domestic steel mills showed a slight upward trend in May. The bidding pricing range of manganese sheet, manganese ingot and manganese ball in some steel mills was basically in the range of 100-500 yuan / ton. Many market operators said that the short-term spot quotation of electrolytic manganese is difficult to fall and easy to rise, but at present, the total supply of electrolytic manganese in China is close to 4200 tons. It is difficult to recover in the export market in a short period of time, and the gap in overseas demand still needs to wait and see. It is expected that the room for manganese prices to rise in the later stage will also be limited.

Among them, Baowu Group, which paid a higher price for electrolytic manganese in May, purchased 4000 tons this time, including tax acceptance to the factory price of 11000 yuan / ton, an increase of 500yuan / ton over the previous month; in addition, the pricing of Xinyu steel manganese ingot increased by 300yuan / ton to 11460 yuan / ton including tax acceptance to the factory. Although the pricing of most steel moves is gradually upward, there are also individual steel mills in the south with a small price reduction of about 100 yuan / ton, and SMM believes that it has little impact on the stable and small increase in manganese prices in the later period.

In addition, in addition to some steel mills pricing rise, there are also some steel mills monthly output procurement pricing month-on-month flat, from the chart can be seen from the Shanxi Taigang and Nanjing iron and steel bidding pricing month-on-month stable operation.

Electrolytic manganese
steel mill bidding

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn