According to the commodity market analysis system of Business Society, the 1 # electrolytic manganese market remained stable this week (December 18th to December 25th), while the market price in East China remained stable at 13900 yuan/ton on December 25th.

 

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In terms of manganese ore: This week, the manganese ore market prices experienced a temporary rebound, with silicon manganese futures rising at the beginning of the week and increased confidence among traders. Trading in South Africa’s semi carbonic acid was particularly active. With the decrease in port inventory and the gradual concentration of cargo rights, the sentiment of miners to hold up prices remained unchanged, and prices continued to rise. Some traders closed off and did not report, showing a mentality of holding up and being hesitant to sell. The overall quotation has an increase of about 1-1.5 yuan/ton, making it more difficult to negotiate in the market, It is difficult to inquire about low-priced sources of goods, and actual transactions have followed up. The price of oxidized ore also rose at the end of the week.

 

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 prices have been declining for five consecutive months since December 2022. After a slight rebound in May, prices have been declining for three consecutive months since June. The antimony ingot market has fluctuated narrowly since mid August, with a temporary stable operation in November and a slight upward trend in December.

 

This week, the electrolytic manganese market continued to maintain temporary stability, with spot market prices remaining at 12300-12500 yuan/ton, unchanged from last week. There have been no significant changes in supply and demand during the week. Due to the long-term stable operation of the market, spot market trading has been slightly sluggish, and smelters currently have a strong attitude of price support. 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.

 

Related data:

 

At the beginning of the week, silicon and manganese futures rose, and there were restrictions on electricity consumption in Ningxia and Inner Mongolia, with slight fluctuations in production. The southern region suffered severe losses, and the scope of production reduction and shutdown continued to expand. Currently, costs are still at a relatively high level. This week, the spot price of silicon and manganese increased by 50-100 yuan/ton. 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 22, with an average market price of 6215 yuan/ton, up 0.92%.

 

Steel recruitment situation:

 

The bidding price for electrolytic manganese in December in Pohang, South Korea is $1780 per ton, an increase of $115 per ton from the bidding price in November. The delivery date is before January 20, 2024.

 

Related data:

On December 24th, the electrolytic manganese commodity index was 34.68, unchanged from yesterday, a decrease of 65.32% from the highest point of 100.00 points (2022-03-02) in the cycle, and an increase of 2.57% from the lowest point of 33.81 points on August 14th, 2023. (Note: The cycle refers to the period from March 1, 2022 to present).

On December 24th, the base metal index was 1164 points, unchanged from yesterday, a decrease of 27.97% from the highest point in the cycle of 1616 points (2022-03-09), and an increase of 81.31% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

 

On December 24th, the non-ferrous index was 1102 points, unchanged from yesterday, a decrease of 28.35% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 81.55% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

 

According to the price monitoring of Business Society, in the 51st week of 2023 (12.18-12.22), there were a total of 9 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. The top 3 commodities with the highest increase were aluminum (2.48%), silver (1.99%), and zinc (1.85%). There are a total of 10 products with a month on month decline, and the top 3 products with the largest decline are dysprosium metal (-3.06%), praseodymium neodymium alloy (-2.71%), and dysprosium oxide (-2.62%). The average increase and decrease this week is -0.22%.

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