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Weekly Review of Electrolytic Manganese (7.20 Mel 7.24): the willingness of manganese factory to increase the price of steel in August is the focus of the market.
Jul 24,2020 17:03CST
translation
Source:SMM
Manganese factory's willingness to increase the price of steel in August is the focus of the market.
The content below was translated by Tencent automatically for reference.

As of this Friday, the spot factory price including tax in the mainstream area of the manganese triangle is around 10,100 yuan / ton, an increase of 150 yuan / ton compared with the average price last Friday; the spot factory price including tax in Guangxi is around 10100 yuan / ton, up 150 yuan / ton from yesterday's market price. The spot price of electrolytic manganese remained strong as a whole during the week, with a small probe into 100 yuan / ton negotiations, we can see that at present, most manganese factories are willing to increase, but the actual high price transaction of retail supply has not become the mainstream, and the wait-and-see mood of the buyer market is increasing at present.

In terms of the market, during the week, the spot resources of 100 tons of manufacturers in Guangxi were concentrated and traded at 10100 yuan / ton. in addition, according to the operators, it is expected that there will be an inquiry for steel in August next week, so the willingness to ship is relatively strong, and the quotation in the electrolytic manganese market has slightly reached 10200 yuan / ton. In addition, the recent inquiry atmosphere in overseas markets is still light, and the overall trading volume is relatively low. According to some exporters, the main sources of orders in July are South Korea, Russia, Brazil and other countries.

Production and start-up, this week, individual manufacturers in other regions due to an increase in order, daily output increased slightly at the end of July, manganese triangle mainstream factory production than at the beginning of the week to maintain stable operation, and production costs for the overall factory is still in a state of loss; this week's overall operating rate remained stable compared with last week, individual manufacturers slightly increased daily output of about 20 tons, SMM expects that the overall operating rate next week is not much different from this week.

In terms of 200 series stainless steel, the price of cold rolling 201 in Sifo has changed little compared with last week, but the shipment of cold and hot rolling shows a little pressure at the end of the month, and merchants still have room for profit in the face of inquiry, but it is supported by the market guidance price of steel mills in the early stage. short-term steel price is weak 50 min 100 yuan / ton operation.

Generally speaking, in the short term, under the partial demand at home and abroad to support the manganese price, the rise and fall of the market price is limited, and the pricing of steel moves next August will be the focus of the market.

 

Weekly review
electrolytic manganese

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