From January 1 to January 30, 2023, the market price of 1 # electrolytic manganese was reduced in a narrow range. The spot market price in East China was 17350 yuan/ton at the beginning of the month and 17300 yuan/ton at the end of the month, with a monthly drop of 0.29%.

The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. From the above weekly and monthly electrolytic manganese K-bar chart, it can be seen that the electrolytic manganese market has stopped falling and recovered since August. Although the increase in August and September was less than 1%, the increase in October was 3.59%, and the electrolytic manganese market began to recover. From the weekly bar chart, we can see that the electrolytic manganese market has maintained a temporary stable operation for most of the time, and entered a narrow price decline in December.

In terms of manganese ore: the growth of the manganese ore market slowed down, and the enthusiasm of the production side to take the goods decreased. The market transactions were dominated by traders. With the continuous rise of the northern oxide ore, Gabon’s uncertainty fermentation, the closing situation intensified, and the increase in the offer was relatively obvious. The southern delivery channel was relatively stable, and the stock was basically completed before the year. Although the mentality was also with the rising mood, the manufacturers basically entered the holiday cycle, and the circulation situation was poor. The oxidized ore in Tianjin Port rose by 1 yuan/ton, Australia’s 48 yuan/ton, Gabon’s 45.5 yuan/ton, and South Africa’s semi-carbonic acid 36.5-37 yuan/ton. The price of South Africa’s high-speed railway rose to 34-35 yuan/ton due to the low inventory in the near future; The price of Qinzhou Port – Macao Block is 47-47.5 yuan/tonne, the price of Gabon Block is around 45 yuan/tonne, the price of semi-carbonic acid in South Africa is 39.5-40 yuan/tonne, and the South African high-speed railway will rise to 33.5 yuan/tonne.

After entering December, the electrolytic manganese market fluctuated and declined, with a slight decrease of about 100 yuan/ton per week. At the beginning of January, the trend of December continued, and the price declined in a narrow range. The domestic mainstream price is 15400-15600 yuan/ton, and the overall holiday atmosphere of the market is relatively strong in January due to the impact of the Spring Festival holiday, and the trading volume is slightly cold. In terms of supply, the current operating rate has not changed much. The ex-factory price of domestic mainstream manufacturers is around 15400-15600 yuan/ton, and the manufacturers have a strong attitude towards price. In terms of downstream demand, the holiday is approaching, and the winter storage in the downstream is basically coming to an end. The market mentality is generally stable. In terms of steel recruitment, the performance is average, and the price falls, affecting the market mentality. In general, the current electrolytic manganese market has maintained a weak operation as a whole. Under the influence of weak demand, it is expected to maintain a stable, medium and weak operation in the short term. The market is waiting for the guidance of steel bidding.

The domestic spot market of silicon and manganese remained stable as a whole, and the merchants’ price sentiment continued, and the transaction was relatively cold. According to the price monitoring of the business agency, the market price of silicon and manganese in Ningxia (the specification is FeMN68Si18) was around 7150-7250 yuan/ton on January 13. The power rationing in some southern regions has eased slightly. It is said that a new round of power rationing may start again. The enthusiasm of manufacturers to resume production is low. The overall stock of manufacturers is tight, and orders are basically full in January. This week (01.12): the operating rate (capacity utilization rate) is 59.65% nationwide, 0.82% lower than last week; The average daily output is 28519 tons, minus 37 tons.

Relevant data:

Customs data showed that the total import volume of unwrought manganese, manganese scrap and powder in December 2022 was about 5003.818 tons, down about 16.6% month on month and up 47.85% year on year. In December 2022, the total export volume of unwrought manganese, manganese scrap and powder was about 24929.7 tons, down about 2.28% month-on-month and 28.56% at the same time.