Ann: Change of Address, page-101

The high price of manganese alloys in China will be the support for manganese ore prices. The price for silico manganese has just blown through 10,000rmb/tonne. Highest ever.

Mysteel Daily: Silico-manganese high-level consolidation market confidence is strong

2021-09-16 18:32:16 Source: My Steel Net



　　Today's silico-manganese spot market quotations are chaotic, and manufacturers' quotations are firm under high-level operation. The purchase price of a steel plant in Central China announced 9,800 yuan/ton, and some manufacturers' quotations have risen to over 10,000, showing a strong bullish mentality. The current electricity curtailment policies in Guangxi and Guizhou in the South continue to be affected. The spot market in the South is not limited. Large factories are still ordering production a month after the order is signed. Small factories hold fewer goods and are unable to sell them. As futures have continued to rise in recent days, breaking the 10,000 mark, all parties in the market are more optimistic about the market outlook. Looking at the steel recruitment next month, if crude steel production is expected to be affected, the market will undoubtedly not rule out concerns about the further narrowing of the silico-manganese demand gap, but Given the current situation where supply and demand are both shrinking and tightening, there is little room for price decline.
　　From the perspective of manganese ore raw materials, due to the better downstream alloy market and the strong desire for raw materials to follow the rise, some miners have raised their quotations. However, under the influence of the current curtailment policy, demand has not yet opened in a large area, and the transaction performance is average. However, overseas quotations are relatively strong, with strong support in the short term, and market quotations are stable and firm.
　　On the whole, current silico-manganese market participants are more optimistic about the short-term market.