Weekly Review of Manganese Alloy Market

（4.6-4.8）

[Ferro-Alloys.com]

The silicomanganese futures 2201 contract market performed poorly this week. On April 6, the intraday high was 8890 points, the lowest was 8662 points, and the closing price was raised by 252 points; on April 7, the intraday high was 8840 points, and the lowest was 8602 points, and the closing price was lowered by 190 points; as of April 8, the intraday high was 8840 points. Minimum 8626 points.

In terms of manganese ore：The operation of the domestic manganese ore market is divided. At present, the inquiries of the northern ports are general, and the actual transactions are scattered. The market has a strong wait-and-see mood, and the performance of minerals varies significantly. The inventory situation in Hong Kong is good, and the price performance is weakening. In the external market, Jupiter announced the shipping price of Huamanganese ore in May 2022: Mn36.5% South African semi-carbonic acid block is US$5.3/tonne, down by US$0.42/tonne from the previous month. The market indicated that the price is still high, and compared with the current weak operation of carbonate mines, the situation of taking over the order is still on the sidelines. In the short term, manganese ore may be in a period of high consolidation.

In terms of spot：Supported by costs (the raw material manganese ore market has not fluctuated significantly, but the coke prices of companies in some regions have increased, which has increased the cost of silicon-manganese alloys), recently, some in the industry have increased their willingness to support prices, and have strong reluctance to sell, but the actual demand is not obvious. improve. Under the influence of multiple factors, the silicon-manganese alloy market continued to run smoothly, and the actual trend did not fluctuate significantly.As of this Friday, Si-manganese 6517# in Inner Mongolia offers 8400-8500 yuan/ton, Si-manganese 6517# in Ningxia offers 8300-8400 yuan/ton, Si-manganese 6517# in Guangxi offers 8400-8500 yuan/ton, Si-manganese 6517# in Guizhou offers 8400 -8500 yuan/ton, Si-licomanganese 6517# in Chongqing offers 8500-8600 yuan/ton：

1、Silicon Manganese price SiMn6517# Unit: CNY/mt

【Steel Tender】HBIS Group's April silicomanganese bidding price was 8,800 yuan/ton (March price was 8,350 yuan/ton), the first round of inquiries was 8,700 yuan/ton, April silicomanganese extraction: 24,450 tons (March silicon-manganese extraction: 23,000 tons).

2、Manganese ore port price

(1)、China northern port Unit: CNY/dmtu

(2)、China southern port Unit: CNY/dmtu

On the one hand, the factory procurement situation is general and the phenomenon of selling goods at low prices exists; on the other hand, miners are not very sentimental about buying goods at low prices. Under the influence of multiple factors, the manganese ore market continued to run smoothly, and the actual trend did not fluctuate significantly. In February 2022, China imported 1,940,300 tons of manganese ore, a decrease of 27.45% from the 2,674,600 tons imported in January; among which, the import volume from South Africa in February was 1,130,400 tons, a decrease of 20.33% from the 1,418,900 tons imported from South Africa in January.Imports from South Africa in February accounted for 58.26% of the total, and imports from Australia in February were 200,600 tons, a decrease of 44.04% from the 358,500 tons imported from Australia in January, and imports from Australia in February accounted for 10.34% of the total.From January to February 2022, China imported 4.6149 million tons of manganese ores.

3、Mines Performance in 2022 Unit:USD/dmtu

4、Manganese ore inventory weekly in Tianjin Port

As of Apr.8th, 2021, the total inventory of manganese ore in Tianjin Port was 3.759 million tons.

To sum up：In the short term, the silicon-manganese alloy market may maintain stable operation, and under the volatility of futures, the possibility of price fluctuations cannot be ruled out. For the later trend, in addition to paying close attention to the changes in the relationship between supply and demand (currently in a state of strong supply and weak demand, and companies in some regions have plans to resume production. As the epidemic improves in the later stage, we should pay close attention to the production situation of iron and steel enterprises), the impact of news, futures trends cannot be ignored.

• [Editor:zhaozihao]