Manganese Prices Continued to Fall due to Weak Demand

Published: Aug 11, 2022 14:10

Source: SMM

Save

The average spot price of EMM in the main producing areas was 14,500-14,800 yuan/mt, flat from yesterday. The FOB prices stabilised at $2,200-2,250/mt.

SHANGHAI, Aug 11 (SMM) - The average spot price of EMM in the main producing areas was 14,500-14,800 yuan/mt, flat from yesterday. The FOB prices stabilised at $2,200-2,250/mt. According to SMM research, affected by the weak demand from stainless steel sector, manganese prices fell slightly. Although the mainstream quotations remained at 14,500 yuan/mt, some goods were quoted at 14,200 yuan/mt in the market. Meanwhile, the purchasing prices of some steel mills stood at 14,600 yuan/mt (by acceptance, delivered to factory), which indicates that some steel mills still tended to force down the prices. Overall, although EMM plants reduced the production and the prices stopped falling in the short term, EMM prices fell again due to the oversupply.

Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

1 hour ago

A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.

[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.

1 hour ago

Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026

[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.

1 hour ago

Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up

Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.

1 hour ago