According to the latest release by the General Administration of Customs, SMM statistics show that the total export volume of unwrought manganese, scrap, powder and forged manganese in China in June 2020 was 23727.38 tons, a decrease of 7.8% compared with the previous month. Among them, the export volume of unwrought manganese; scrap and powder was 22532 tons in June, a decrease of 7.39% compared with the previous month; and the export volume of forged manganese and manganese products was 1195.38 tons in June, a decrease of 14.42% compared with the previous month. In addition, China's total exports of electrolytic manganese and manganese products in the second quarter of 2020 were 88323 tons, a decrease of 14.13% compared with the first quarter of 2020.
Among them, the main destinations for forged manganese exports in June were India 44%, Uzbekistan 21%, the United States 13.65%, Brazil 10% and Japan 7%. The main destinations for unforged manganese exports are South Korea 24.44%, Japan 20.30%, the Russian Federation 19.23%, the Netherlands 14% and Taiwan 4.22%.
According to SMM, the export volume of electrolytic manganese and manganese products may still be low from June to July, and the overall summer break in overseas Western European markets has not yet ended, so it is expected that the total export volume in the third quarter will be difficult to show an optimistic trend. By the end of July, Posco, South Korea, announced that the bidding volume of 99.7% electrolytic manganese in August was 2527 tons, and the procurement volume was significantly reduced by 1669 tons compared with July, but the bidding price has not yet been determined. At present, most traders of electrolytic manganese FOB are basically stable at around 1450-1470 US dollars / ton from July to August. Because it is difficult to find low-cost sources, the terminal wait-and-see mentality increases, and due to the increasing willingness of domestic manganese factories to raise prices, the trading range of overseas manganese prices does not change much. However, the price reduction situation of steel mills still exists, and SMM expects that there is limited room for manganese prices to rise and fall in the short term, mainly to continue the weak and stable trend.