"In terms of manganese ore, the current domestic manganese ore performance is relatively stable, and the transaction prices in various regions have increased by 1-2 yuan/ton, but the overall performance is average. Although manganese alloys have increased significantly, it is difficult for manganese ore prices to rise, and upward pressure is still high in the short term."
Mysteel Daily Review: Silico-manganese rises strongly, the market waits for steel bids
Domestic silicomanganese prices are still strong, spot quotations rose chaotically, and futures prices hit their daily limit. With the news of the upgrade of dual energy consumption control in Ningxia last week, some manufacturers' shutdowns have been tightened. In addition, the later policies in southern and Guangxi are still unclear. The power rationing in Guizhou is still tight, and there are also shutdowns in Fujian. , The overall market sentiment is at a high level, and the quotations vary. Manufacturers basically place orders. Today, the North China ex-factory cash transaction is about 11,500 yuan/ton, and it is difficult to inquire about the low-priced spot, and individual traders have a small amount of inventory. The October steel move is still hesitating.
In terms of manganese ore, the current domestic manganese ore performance is relatively stable, and the transaction prices in various regions have increased by 1-2 yuan/ton, but the overall performance is average. Although manganese alloys have increased significantly, it is difficult for manganese ore prices to rise, and upward pressure is still high in the short term. In terms of external disks: In November 2021, Comilao’s quotation for shipment from China Manganese Mine was US$5.1/ton per ton (flat) for **onese blocks and US$4.9 per ton per ton (flat); UMK’s October quotation is still being tangled; later attention will be paid to South32 new A round of quotations.
At present, the new round of steel recruitment has not yet been finalized, and the large steel group in Hebei has not yet made an inquiry. The price of individual steel mills in southern China has been set at 12,800 yuan/ton in advance. According to market news, some steel mills have also taken part of the amount from the inventory price. , The price is relatively low, but the representative steel mills have not settled, and other steel mills basically wait and see. East China steel mills are currently focusing on inquiries, and individual steel mills start from 11,500 yuan/ton. The pricing is difficult and the purchase volume is difficult to meet. It is waiting for the guiding steel mills to settle.
E25 Price at posting:
$1.91 Sentiment: None Disclosure: Not Held
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