According to the Commodity Market Analysis System of Business Society, the 1 # electrolytic manganese market saw a narrow decline this week (October 6th to October 13th). The market price in East China was at 13800 yuan/ton on October 13th, a decrease of 1.08%.

In terms of manganese ore: This week, the manganese ore market was operating weakly, with slightly loose transactions. The price of manganese silicon futures continued to decline, and downstream inquiries continued to pressure. Some traders have increased their mentality of shipping according to the market, while others have maintained a low price mentality. As of October 13th, Tianjin Port’s semi carbonated carbon dioxide is priced at 31-31.5 yuan/ton, Gabon’s is priced at 37-37.3 yuan/ton, and Australia’s is priced at 38-38.5 yuan/ton; Qinzhou Port’s semi carbonated carbon is around 31 yuan/ton, Gabon’s is around 37.5 yuan/ton, Australia’s block is around 39-39.3 yuan/ton, and Australia’s seed is 36.8-37 yuan/ton.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the weekly and monthly electrolytic manganese K-bar charts above, it can be seen that prices have been declining for five consecutive months since December 2022. After a slight recovery in May, prices have been declining for three consecutive months since June, and the antimony ingot market has fluctuated narrowly since mid August.

The electrolytic manganese market is operating weakly, with mainstream prices ranging from 12200 to 12300 yuan/ton, a decrease of about 200 yuan/ton compared to before the holiday. After the holiday, the market is operating weakly, and the market supply has been relatively loose recently. The downstream price pressure mentality is relatively heavy, and the market has a strong wait-and-see sentiment. Downstream demand has always been difficult to increase, and support for the upstream market is limited. Recently, the downstream stainless steel market has been operating weakly, lacking downstream support, and there is room for price decline. We are waiting for more guidance on steel bidding in the future. In the future, the market is on the wait-and-see side and will continue to operate weakly in the short term.

This week, the silicon manganese market was operating weakly. At the beginning of the week, the progress of steel mills was slow, and the market had a strong wait-and-see atmosphere. Transactions were mainly based on basis trade. Later this week, with the finalization of mainstream steel bidding prices, large-scale procurement on the demand side began, and the inquiry and trading atmosphere improved. According to the Commodity Market Analysis System of the Business Society, the market price of silicon manganese in the Ningxia region (specification FeMN68Si18) was around 6550-6700 yuan/ton on October 13th, with an average market price of 6658 yuan/ton, a decrease of 2.32%.

Related data:

According to customs data, the total export volume of unwrought manganese, manganese waste and powder (electrolytic manganese) in August 2023 was about 21544.947 tons, a decrease of about 15.97% compared to the previous month (July export volume was 25639.34 tons), and an increase of about 8.7% compared to last year (August export volume was 19820.931 tons). In August 2023, the total import volume of unwrought manganese, manganese waste and powder (electrolytic manganese) was about 4000.015 tons, a decrease of about 34.43% compared to the previous month (6100 tons in July), and an increase of about 300% compared to the previous year (about 1000.01 tons in August last year).

On October 15th, the base metal index stood at 1191 points, unchanged from yesterday, a 26.30% decrease from the cycle’s highest point of 1616 points (2022-03-09), and an 85.51% increase from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of the Business Society, there were four commodities in the non-ferrous sector on the list of commodity prices in the 41st week of 2023 (10.9-10.13), with cobalt (1.10%), nickel (0.44%), and titanium concentrate (0.15%) ranking among the top three commodities. There are a total of 15 products that have decreased compared to the previous month, with zinc (-4.64%), lead (-1.98%), and aluminum (-1.70%) being the top three products in terms of decline. This week’s average rise and fall was -0.66%.