【Weekly Review-Mn】(1.4-1.8)

  • Tuesday, January 12, 2021
  • Source:ferro-alloys.com

  • Keywords:Weekly Review,Mn
[Fellow]Siliconmanganese prices have risen this week

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)

Date

Inner Mongolia

Ningxia

Guizhou

Guangxi

Chongqing

   Jan.4th

6600-6700

6500-6600

6600-6700

6600-6700

6700-6800

   Jan.5th

6600-6700

6500-6600

6800-6900

6800-6900

6900-7000

   Jan.6th

6600-6700

6500-6600

6800-6900

6800-6900

6900-7000

   Jan.7th

6700-6800

6700-6800

6800-6900

6800-6900

6900-7000

   Jan.8th

6700-6800

6700-6800

6800-6900

6800-6900

6900-7000

【Steel Mills】

bid price of representative steel mills in January

steel mills

price

quantity

HBIS

7150

25900

XISC

7200

10000

Shagang Group

7160/7200

16000

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

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%

Jan.4th

39-41

38-39

36-37

35-36

35-36

30-31

Jan.5th

39-42

38-39

36-37

35-36

35-36

30-31

Jan.6th

39-42

38-39

36-37

35-36

35-36

30-31

Jan.7th

39.5-42

38-39

37-38

35-36

35-36

30-31

Jan.8th

40-42

38-39

37.5-38.5

35-36

36-37

30-31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2)The southern 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%

Jan.4th

39.5-40

40-41

37-38

36-37

35-36

30-31

Jan.5th

40-41

40-41

38-39

36-37

36-37

30-31

Jan.6th

40-41

40-41

38-39

36-37

36-37

30-31

Jan.7th

41-42

40-41

38-39

36-37

36-37

30-31

Jan.8th

41-42

40-41

38-39

36-37

36-37

30-31

【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

Mine

Specs

 

January

 

February

 

March

South32 

Semi-carbonate

3.8

4.5

 

Australian Manganese Ore45%

4.25

4.98

 

Australian Manganese Ore(lumpy) 46%

        4.03

 

 

UMK

South Africa

Manganese Ore36%

 

3.69

4.05

Comilog   

Gabonese Manganese OreMn44.5%

3.95

4.65

 

Gabon SeedMn43%

3.7

4.4

 

Tshipi

South Africa Semi Carbonated Manganese Ore36.5%

3.9

4.62

 

South Africa Manganese Ore fines34.5-35%

 

 

 

South Africa Semi Carbonated Manganese Ore30.5%

 

4.0

 

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)

Name

Inventory (Ten thousand tons)

South Africa

309.9

Gabon

60

Australia

66.8

Brazil

29.9

The ivory coast

20.4

Malaysia

10.9

Ghana

14.7

 

 

 

 

 

 

 

 

 

 

 

 

 

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]

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