Abstract core note: Electrolytic manganese is still a weak market at the end of June. As the price continues to fall, the downstream demand side waits for a strong sentiment, and the purchasing behavior is still relatively small. The operating pressure of electrolytic manganese manufacturers is increasing day by day. The price of silicomanganese 6517 is stable this week. Not much turnover; silicon manganese 6...
Core Tip: At the end of June, electrolytic manganese is still an obvious weak market. As the price continues to fall, the downstream demand side waits for a strong sentiment, and the purchasing behavior is still relatively small. The operating pressure of electrolytic manganese manufacturers is increasing day by day. The price of silicomanganese 6517 is stable this week. Not much; the demand for silicon-manganese 6014 is flat, and the price has weakened slightly. Due to the trend of bidding for major steel mills' silico-manganese, the current silico-manganese manufacturers are holding steady offers and waiting to see the bidding price announced. First, price monitoring
Table 1: Weekly Monitoring of Manganese Quotes (2013.6.24-2013.6.28)
Second, electrolytic manganese, manganese alloy, imported manganese ore
1. Electrolytic manganese
From June 24th to June 28th, the price of electrolytic manganese continued to fall, and the price dropped by 150 yuan/ton. On June 28th, the factory price of the factory in Jishou area was 12000-12100 yuan/ton.
Electrolytic manganese is still an obvious weak market. As prices continue to fall, the downstream demand side waits for a strong sentiment, procurement behavior is still relatively small, and the operating pressure of electrolytic manganese manufacturers is increasing. At the same time, as the price drop continued to touch the bottom line of the manufacturers, the transaction price of electrolytic manganese fell to 12,000 yuan / ton and gained strong support. By the end of this week, although the market for electrolytic manganese has remained weak, the price decline has slowed down markedly, and prices have shown signs of stabilizing. The willingness of manufacturers to continue to cut prices has weakened, and the willingness to reduce production has increased.
In terms of raw materials, the price of manganese carbonate ore was stable, the price of sulfuric acid was stable, and the price of selenium dioxide was weak again. On June 28, 98% of selenium dioxide was quoted at 285-290 yuan/kg.
From June 24th to June 28th, the price of silicomanganese 6517 was stable this week, and the spot transaction was not much; the spot demand of silicomanganese 6014 was flat, and the price was weakened slightly; the price of high and medium carbon ferromanganese was stable, and the market performance calm. On June 28, the factory acceptance price of Guizhou and Hunan silicon-manganese 6517 including tax was 6700-6800 yuan/ton, and the factory acceptance price of Ningxia and Inner Mongolia silico-manganese 6517 including tax was 6650-6850 yuan/ton, and southern silicon manganese 6014 did not include tax. The quotation is 5400-5550 yuan / ton, Hunan, Guizhou manufacturers high carbon ferromanganese 65C7 a group of phosphorus including the factory price of 6150-6300 yuan / ton.
This week, the silico-manganese market was slightly flat. Although steel mills have started to purchase silicon-manganese bidding in July, large steel mills such as Hegang and Shagang have not yet confirmed the bidding price, so the current silico-manganese manufacturers are still waiting to wait for steel. The price trend of the factory bidding is clear, and the price of silicon-manganese manufacturers is relatively stable. As the market price of silicomanganese 6517 is relatively stable in June, it is expected that the bidding price of silicon and manganese in steel mills will be stable in July.
This week, the market price of high-carbon ferromanganese was stable, spot demand remained sluggish, and the operating rate of the factory was still at a low level. Only the Yunnan region has achieved a high operating rate due to the implementation of the flood season electricity price, and the operating rate of other major southern producing areas. Both are below 40% or even lower. The price of carbon-manganese iron in this week is also relatively stable, and the demand performance is not good. Due to the small amount of spot, some manufacturers offer a firmer offer.
From June 24th to June 28th, the import of manganese ore in this week's market has not improved, and the downstream manganese alloy plants have not purchased much manganese ore, and the miners' offer is weak. This week, BHP announced the latest offer of manganese ore to China. The offer was the same as the previous one. Although this has some suppression on the decline of the mine price, it has made the mining business difficult to increase. Due to the continued poor demand for domestic manganese ore, the recent mine It is difficult to change the price and maintain the weak trend. The risk of inversion of domestic port mining prices and external disk prices continues to increase.
The latest BHP offers China's manganese ore shipments: Mn45.5-46% Australian CIF is 5.95 US dollars / ton, Mn48% Australian seed CIF is 5.65 US dollars / ton. The offer was the same as last time.
Third, the international market review
This week, the market for silicomanganese and ferromanganese in Europe and the United States is still flat, and the sluggish demand has made the price weak. The low demand for electrolytic manganese continues, and the price of MB electrolytic manganese fell by US$15/ton on Wednesday.
1. Stainless steel market
Tin market: This week, the 2nd and 4th departments of Wuxi market held steady and wait-and-see, mainly for shipments. Some of the market was in short supply, merchants did not intend to adjust prices, 3 series prices were weak, and affected by the shock of nickel, prices fell, and the market was weak. .
Foshan market: Foshan coil market weakened this week, market prices fell again, 3 series prices fell 200, Lun nickel shock, but the coil price rose weak, 2 series resource trend under pressure, merchants price drop, 201 series Fine-tuned, the 4 series is stable.
2. Steel market
Due to the serious overcapacity and weak downstream demand, the steel industry has already fallen into a meager profit situation. The tightening of funds has caused the survival pressure of many steel companies to rise sharply. In the future, when liquidity is unlikely to be significantly loose and the steel industry's prosperity will not rise significantly, the tightness of the steel industry's capital chain will not be a short-term phenomenon, or become the norm, coupled with sluggish demand, which will drag steel prices down.
V. Forecast of the market outlook
Electrolytic Manganese: At present, the transaction price of electrolytic manganese is strong at 12,000 yuan/ton. The willingness of manufacturers to continue to reduce the price of shipments is weakened. In the short term, the price of electrolytic manganese is still weak, but the adjustment is not large.
Manganese alloy: Due to the relatively stable price of silicomanganese and ferromanganese in June, the bidding prices for silicomanganese and manganese iron steel plants are expected to remain stable in July, and next week, major steel mills will also announce their own bidding for silicomanganese and ferromanganese. Prices, the price of silicomanganese and ferromanganese is expected to remain stable in the near future.
Imported manganese ore: Due to the continued poor demand for domestic manganese ore, the recent price of minerals is difficult to change and the trend is weak. This week, BHP's latest manganese ore price is unchanged from the previous period, and the risk of inversion of domestic port mineral prices and external disk prices continues to increase.
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