On December 1, 2023, the electrolytic manganese market first rose and then stabilized, showing an overall upward trend. The spot market price in East China was at 13750 yuan/ton at the beginning of the month and 13900 yuan/ton at the end of the month, with a monthly increase of 1.09%.

K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the weekly and monthly electrolytic manganese K-bar charts above, it can be seen that the recent trend of the electrolytic manganese market is relatively stable.

In terms of manganese ore: The manganese ore market was weak in December. Affected by weather factors, downstream manufacturers have increased their inquiries and stock up, resulting in a significant increase in market activity. The transaction prices at ports are inconsistent. Although there have been low-priced transactions, it appears that most miners have weakened their willingness to ship at low prices. With the gradual arrival of winter storage pace in the later stage, demand for manganese ore may gradually improve. As of December 28th, Tianjin Hong Kong Macao Block is priced at 36 yuan/ton (down 0.4 yuan/ton), Gabon is priced at 34.8 yuan/ton (unchanged), and South Africa’s semi carbonated carbon is priced at 30.5 yuan/ton (up 0.1 yuan/ton); Qinzhou Hong Kong Macao block is priced around 36.3 yuan/ton (down 0.7 yuan/ton), Gabon is priced around 35.3 yuan/ton (down 0.7 yuan/ton), and South African semi carbonates are priced around 31 yuan/ton (up 0.3 yuan/ton).

In December 2023, the electrolytic manganese market first rose and then stabilized. In the first half of the month, the electrolytic manganese market slightly rebounded, and the mainstream market price rose to 12300-12500 yuan/ton, with a cumulative increase of 200 yuan/ton. At the beginning of the month, some southern enterprises had production reduction plans. Under the influence of tight supply expectations, enterprises had a strong mentality of price support, and factory prices were raised one after another. It was difficult to find low-priced goods in the market, and market expectations improved, driving up spot market prices. Due to the lack of significant increase in downstream demand in the mid to late period, the spot market without demand support has little room for further upward growth. Under the mentality of supply-demand game, the market maintained a temporary stable operation for about half a month. As of the end of the month, there has still been no significant change in supply and demand. Due to the long-term stable operation of the market, the overall trading volume in the spot market is slightly sluggish, and the mentality of smelters to raise prices is still strong. In terms of demand, downstream steel mills purchase on demand, and the market is waiting for a new round of steel bidding price guidance. Overall, the market lacks clear guidance and sentiment is weak. It is expected that the spot market will operate weakly in the short term, and the market is waiting for a new round of steel bidding price guidance.

In December, shrouded in haze, the sluggish silicon and manganese market continued. In December, the bidding price for silicon and manganese fell, causing increased losses for manufacturers. Production enthusiasm was low, inventory still needed to be consumed, high prices were difficult to achieve, and market confidence was insufficient. According to the commodity market analysis system of Business Society, the market price of silicon manganese in Ningxia region (specification FeMN68Si18) was around 6150-6250 yuan/ton on December 28th, with an average market price of 6215 yuan/ton, a decrease of 2.10% compared to the beginning of the month.