Silicomanganese Has a Poor Start and Manganese Ores Attract Attention Again

  • Monday, October 19, 2020
  • Source:ferro-alloys.com

  • Keywords:silicomanganese
[Fellow]silicomanganese has a poor start and manganese ores attract attention again

[Ferro-alloys.com]In October,the purchase price of steel enterprises was released one after another. The purchase price of steel enterprises in the north and south was in the range of 6,150-6,300 yuan/ton. This week, HBIS Group released two rounds of inquiry prices and finally finalized 6,130 yuan/ton. This week, the domestic manufacturer's price is at 6000- In the range of 6,200 yuan/ton, the market price dropped slightly by 50-100 yuan/ton after the November holiday. The current transaction price of the factory is 5900-6000 yuan/ton. The domestic large-scale silicomanganese factories offer strong prices, and they are not sold at low prices. Most of the large factories directlly supply steel mills to meet the needs of steel enterprises, the factories orderly produce according to the bidding orders, while the silico-manganese quotations of some retail companies are relatively strong, and the domestic market has a strong willingness to stand up prices. This week, silicomanganese trade transactions were weak, and low-priced goods were rarely sold. On the whole, market participants were at a loss and unprofitable. According to the investigation of Ferro-alloys.com, some high-priced futures manufacturers purchased during the epidemic period are still in use. Therefore, due to the impact of the cost of ore prices, silico-manganese is not sold at low prices. The high-priced manganese ore thus reduces the current production upside-down phenomenon. As of this Friday, silicomanganese 6517# in Inner Mongolia will be quoted at 5900-6000 yuan/ton, silicomanganese 6517# in Ningxia will be quoted at 5800-5900 yuan/ton, silicomanganese 6517# in Guangxi will be quoted at 5950-6100 yuan/ton, and silicomanganese in Chongqing 6517# offer 6000-6200 yuan/ton.

Price Quotation(Silicon Manganese)

date

Inner Mongolia

Ningxia

Guizhou

Guangxi

Chongqing

Oct.12th

5900-6000

5900-6000

6000-6100

6000-6100

6100-6200

Oct.13th  

5900-6000

5800-5900

6000-6100

5950-6100

6100-6200

Oct.14th

5900-6000

5800-5900

6000-6100

5950-6100

6100-6200

Oct.15th

5900-6000

5800-5900

6000-6100

5950-6100

6100-6200

Oct.16th  

5900-6000

5800-5900

6000-6100

5950-6100

6100-6200

HBIS Group’s silico-manganese price in October was 6,130 yuan, down 200 yuan/ton from September.

Price Quotation(manganese ore)

(1)The northern port CNY/mtu

date

Australian Manganese OreMn46%

Australian Manganese Ore(lumpy)Mn45%

Gabonese Manganese OreMn45%

Brazil manganese ore 46%

South Africa

semi-carbonate

Mn37%

South Africa

Ferro Manganese Ore 30%

Oct.12th

37-37.5

35.5-36

34.5-35

36-36.5

35-36

28-28.5

Oct.13th

37-37.5

35.5-36

34.5-35

36-36.5

35-36

28-28.5

Oct.14th

37-37.5

35.5-36

33-33.5

36-36.5

33.5-34

28-28.5

Oct.15th

37-37.5

35.5-36

33-33.5

36-36.5

33.5-34

28-28.5

Oct.16th

37-37.5

35.5-36

33-33.5

36-36.5

33.5-34

28-28.5

(2)The southern port CNY/mtu

date

Australian Manganese OreMn46%

Australian Manganese Ore(lumpy)Mn45%

Gabonese Manganese OreMn45%

Brazil manganese ore

South Africa

semi-carbonate

Mn37%

South Africa

Ferro Manganese Ore 30%

Oct.12th

37-38

36-36.5

34.5-35

36-37

35-36

28-28.5

Oct.13th

37-38

36-36.5

34.5-35

36-37

35-36

28-28.5

Oct.14th

37-38

36-36.5

33-33.5

36-37

33.5-34

28-28.5

Oct.15th

37-38

36-36.5

33-33.5

36-37

33.5-34

28-28.5

Oct.16th

37-38

36-36.5

33-33.5

36-37

33.5-34

28-28.5

After TSHIPI announced the November quotations this week, the external offers of manganese ores to China were settled. This week, the domestic port of South Africa semi-carbonate Mn and the Gabonese manganese ore market fell, and the port quotations were lowered by 1.5 yuan per ton. Australia, Gabon, Brazil’s manganese ore port prices remain flat, while domestic port inventories are at a high level, high-priced manganese ore is relatively reduced, and the overall manganese ore market quotations are operating weakly. At present, it is understood that the domestic manganese ore market is less active, less inquiries, poor shipments, and insufficient support for price increases. The reason for the high inventory is that the current factory's purchasing strategy has changed, which has led to an inflated port inventory.

Quotation of Mainstream Mines

 

Mine

 

Kind

 

September

 

October

 

November

 

December

 

 

 

South32

semi-carbonate

3.8

4.35

4.35

 

Australian Manganese Ore45%

4.2

4.5

4.55

 

Australian Manganese Ore(lumpy) 46%

3.98

 

4.31

 

 

UMK

 

South Africa

Manganese Ore36%

 

3.8

 

4.5

 

4.33

 

4.05

 

 

 

 

Gabonese Manganese OreMn44.5%

 

3.98

 

4.3

 

4.3

 

 

Gabon SeedMn43%

 

3.58

 

4.05

 

4.05

 

 

 

 

 

 

Tshipi

South Africa Semi Carbonated Manganese Ore36.5%

 

3.85

 

4.45

 

4.1

 

 

South Africa Manganese Ore fines34.5-35%

 

--

 

--

 

3.6

 

South Africa Semi Carbonated Manganese Ore30.5%

 

3.4

 

3.9

 

3.6

 

Port inventory of Manganese ore

As of October 16, 2020, the total inventory of manganese ore in Tianjin Port was 4.948 million tons (150,000 tons of containers), 4.855 million ↑ 93,000 tons from last week.

Arrivals this week: 526,547 tons (10.9-10.16)

Name

Inventory(Ten thousand tons)

South Africa

228.6

Gabon

93.3

Australia

79.5

Brazil

29.2

The ivory coast

22.7

Malaysia

15.3

Ghana

11.2

Mexico

2.7

In summary: this week, the silico-manganese market was still weak, factory quotations were firm, and manganese ore prices remained stable and slightly loosened. Judging from the procurement situation released by some steel companies in October, a small decrease in silico-manganese purchases is detrimental to the later silico-manganese consumption. At the same time, the high inventory of manganese ore in ports remains high, which restricts the price trend of manganese ore, and it is difficult to support the price increase of silico-manganese. In order to break through this weak pattern, it is necessary to resolve its own high supply and external factors to change the status quo. Under the influence of the domestic economy taking the lead in the global recovery, the appreciation of the renminbi against the US dollar has accelerated, and the weakening of the US dollar has formed the basis for the appreciation of the renminbi, which is beneficial to the import of manganese ore. .

  • [Editor:zhaozihao]

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