【Weekly Review】（1.4-1.8）

Ferro-alloys.com：

【Factory】：Siliconmanganese prices have risen this week

Futures have been buzzing this week. The silico-manganese 2105 contract began to rise by 1.77% on Monday, reaching a maximum of 6942 points, a minimum of 6720 points, and closing at 6898 points. The upward trend continues in the next few days, and today’s opening rose by 1.14% to a maximum of 7808. Points, the lowest was 7352 points and closed at 7474 points.

In terms of manganese ore: external quotations have risen, silico-manganese alloy futures and spot prices have risen strongly, and factories have increased their enthusiasm for inquiries and purchases. With the positive information gradually showing, the recent manganese ore market quotations have also been raised. Some ore prices have increased compared with the previous day. It is about 0.5-1 yuan/ton degree. As the stock of raw manganese ore basically maintains a high level, it is necessary to carefully observe the future trend.

In terms of spot: Affected by the continuous and substantial increase in silico-manganese alloy futures during the week, the price of manganese ore has also risen this week. According to domestic factories and enterprises, the current spot supply is still tight and the electricity price of some enterprises has risen. This week, the epidemic has affected the difficulty of vehicles. Looking for part of the freight rate increase, driven by the cost of raw materials, transportation and consumption, the industry is currently in strong bullish sentiment, and the willingness to stand up for the price is strong. The existing factories have been closed and are not quoting externally.

As of this Friday, Si-Manganese 6517# in Inner Mongolia is quoted at 6100-6200 yuan/ton, Si-Manganese 6517# in Ningxia is quoted at 6100-6200 yuan/ton, Si-Manganese 6517# in Guangxi is quoted at 6100-6200 yuan/ton, and Si-Manganese 6517# in Chongqing is quoted at 6100-6200 yuan/ton, and the price trend this week is shown in the figure：

1、Price Quotation(Silicon Manganese)

【Steel Mills】

HBIS announced the price of silicon-manganese bidding in January: 7,150 yuan/ton, an increase of 800 yuan/ton from the previous month; 25,900 tons of tenders, an increase of 1,500 tons from the previous month. (Including Chenggang 8600 tons, Xuangang 8500 tons, Wugang 6000 tons, Handan Iron and Steel 1800 tons, Tangshan Steel New District 400 tons, Tangshan Stainless Steel 360 tons, Shigang 240 tons)

2、Price Quotation(manganese ore)

(1)、The northern port CNY/mtu

(2)、The southern port CNY/mtu

【Manganese Ore】：The silico-manganese alloy futures and spot prices are firming up, and factories are more enthusiastic about inquiries and purchases, which will certainly benefit the domestic spot price of manganese ore. With the recent large demand for factory purchases, the situation of port depots is better, and the mindset of miners is still relatively optimistic.And the price of silicomanganese is still strong, resulting in the recent rise in the manganese ore market. As for the future trend of the market, the short-term manganese ore is less likely to fall.

3、Quotation of Mainstream Mines

4、Port inventory of Manganese ore

As of  January 8, 2021, the total inventory of manganese ore in Tianjin Port was 5.051 million tons.

(Among them: bulk cargo-4.901million tons and containers -150,000 tons)

Arrivals this week: 441213 tons (12.31-1.8)

In Summary: In the short term, the silicomanganese alloy market will continue to run firmly, and prices may still rise. As for the later trend, in addition to paying close attention to the January silico-manganese alloy bidding by iconic steel companies, changes in supply and demand, raw material price trends, and futures performance cannot be ignored.

• [Editor:zhaozihao]