According to the commodity market analysis system of the Business Society, the 1 # electrolytic manganese market is temporarily stable this week (August 28th to September 4th), and the market price in the East China region was at 13800 yuan/ton on September 4th, with a stable cycle.
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In terms of manganese ore: This week, the manganese ore market has been consolidating and operating, with a strong wait-and-see sentiment in the market. Queries for manganese ore in Qinzhou Port have decreased, and some high grade minerals in the market have fewer sources of goods. Some varieties have slightly increased in prices. Tianjin Port’s semi carbonated acid: 32 yuan/ton.
The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments 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 chart above, it can be seen that prices have been declining for 5 consecutive months since December 2022. After a slight recovery in May, prices have been declining for 8 consecutive weeks since June, and prices have temporarily stabilized this week.
This week, the electrolytic manganese market is temporarily stable, with mainstream market prices ranging from 12400 to 12500 yuan/ton, which is temporarily stable compared to last week’s market prices. The atmosphere in the domestic market this week remains somewhat wait-and-see. After the weakening of companies’ willingness to support prices, the driving force for market prices to continue to rise is limited. Expectations for the future market have weakened, and the overall market is wait-and-see. After the recent introduction of steel bidding prices by major domestic factories, they have basically complied with market rules, with relatively stable quotations, which has also driven a stable atmosphere in the market. Currently, the atmosphere in various aspects is relatively wait-and-see, and the market is waiting for future guidance on steel bidding prices. In terms of supply and demand, some domestic enterprises reduced production in August, resulting in tight supply. In the future, the market tends to be wait-and-see and will remain temporarily stable in the short term.
Related data:
Customs data shows that the total export volume of unwrought manganese, manganese waste and powder (electrolytic manganese) in June 2023 was approximately 24847.275 tons, an increase of 15.74% month on month and a decrease of 19.20% year on year.
In June 2023, the total import volume of unwrought manganese, manganese waste and powder (electrolytic manganese) was approximately 1520.011 tons, a decrease of 39.2% compared to the previous month and a year-on-year increase of 51.99%.
On September 3rd, the base metal index stood at 1231 points, unchanged from yesterday, a decrease of 23.82% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 91.74% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).
According to the price monitoring of the Business Society, there were 14 commodities in the non-ferrous sector on the list of commodity prices rising and falling in the 35th week of 2023 (8.28-9.1), with aluminum (3.65%), dysprosium metal (2.94%), and lead (2.32%) ranking among the top three commodities. There are two products that have decreased compared to the previous month, with nickel (-1.68%) and cobalt (-1.65%) being the top two products in terms of decline. This week’s average increase or decrease was 0.68%.
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