The market price of 1 # electrolytic manganese rose this week (September 23 to September 30). The spot market price in East China was 16600 yuan/ton last weekend, and 16700 yuan/ton this weekend, up 0.6%.

Manganese ore: The overall performance of the manganese ore market is relatively cold this week. There are few deals in the market near the holiday, and the price changes are small in the days before the holiday. However, some goods will arrive in Hong Kong during the holiday. It is expected that the market price will have a slight correction after the holiday when the supply is sufficient. As of September 30, Tianjin Port (600717) had an Australian block of 45 yuan/ton, South Africa’s semi carbonic acid of 35 yuan/ton and Gabon’s 41.5 yuan/ton; Qinzhou Hong Kong Macao block is 46.5 yuan/ton, Gabon is 42.0 yuan/ton, and South Africa semi carbonate is 36.0 yuan/ton.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the weekly and monthly K column chart of electrolytic manganese above that since March 2022, the price of electrolytic manganese has continued to decline. At the end of August, the price continued to stabilize after a slight rise, and at the end of September, the price recovered slightly.

The price of electrolytic manganese market started to rise slightly this week, and the enterprises had a strong attitude of price support, so the market was somewhat boosted. There is a certain demand for goods in the market near the holidays, which drives the market price to rise slightly at the end of the month. In terms of downstream demand, the market situation has been volatile recently, and procurement on demand has been maintained, and long-term cooperation has been mainly implemented, with less bulk cargo. Recently, the steel bidding situation was introduced, and the price was in a reasonable range. Most steel mills gradually resumed purchasing electrolytic manganese, which boosted the market mentality to a certain extent. However, due to the downstream demand, the market continues to be weak. It is expected that the future price will remain stable and weak, with a strong supply and demand game mentality.

Manganese and silicon: In September, the domestic silicon and manganese showed a trend of low repair and upswing. The futures market also showed a trend of bottoming out and recovery. The market activity increased, the merchants’ quotation increased, and the raw material manganese ore stopped falling and rose. In addition, some production areas were affected by public health events, and the transportation was obviously impeded, the freight also increased, and the silicon and manganese market was in a strong price fixing mood. According to the price monitoring of the business community, Ningxia (FeMN68Si18) offered 7100-7200 yuan/ton on September 29, up 2.86% from the beginning of the month.