According to the commodity market analysis system of the business community, the price of 1 # electrolytic manganese rose slightly this week (May 12 to May 19). The spot market price in East China was 16325 yuan/ton on May 1 and 16400 yuan/ton on May 15, up 0.46%.
|Gamma Polyglutamic Acid|
In terms of manganese ore: The decline in manganese ore prices has slowed down this week, and downstream restocking inquiries have increased, leading to an improvement in manganese ore transactions; With the gradual sale of low-priced goods in the early stage, the market power gradually concentrates, and the source of low-priced goods decreases, showing a trend of stopping the decline in prices. As of May 19th, Tianjin Port’s semi carbonated carbon dioxide costs 31-31.5 yuan/ton, Australia’s 40 40.5 yuan/ton, and Gabon’s 37.3 yuan/ton; Qinzhou Port Macao Block is priced at 40.5 yuan/ton, Gabon is priced at 37 yuan/ton, and South African semi carbonated carbon is priced at 30.8 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 charts above, it can be seen that prices have been declining for 5 consecutive months since December 2022, and have slightly increased after temporarily stabilizing for 4 consecutive weeks.
In this cycle, the market price of electrolytic manganese rose slightly, with the mainstream price of 14900-15000 yuan/ton, 100 yuan/ton higher than the low market price last week. In the first half of this week, boosted by the expected tightening of supply, market trading slightly improved. Later, as the news was digested and downstream demand was weak, market trading declined in the later stage. There has been no significant change in supply and demand. The overall downstream demand is operating at a low level, with a strong game mentality between the supply and demand sides, and a strong market wait-and-see atmosphere. The recent stable performance of steel recruitment has also boosted market sentiment. The FOB price ranges from $2150 to $2200 per ton, with a slight increase of $30 per ton. Overall, Business Society predicts that the market is expected to have a tight supply and a strong reluctance to sell, but downstream demand is limited, making it difficult to have significant upward potential. It is expected that the trend will be mainly stable, moderate, and strong in the future, and we are waiting for more guidance on steel bidding prices.
|gamma polyglutamic acid fertiliser(fertilizer) grade|
This week, the bidding process for steel mills has been slow, with some of the silicon and manganese bidding prices for steel mills that had previously been offered continuously lowering. Without obvious positive market factors to support, in order to stimulate transactions, some holding companies have increased their willingness to sell at lower prices. However, downstream purchasing customers’ inquiry activity has not shown a significant improvement, and the market’s psychological price level is not consistent. Under the game, the spot price of silicon and manganese continues to weaken slightly. According to the Commodity Market Analysis System of the Business Society, the market quotation for silicon manganese in Ningxia region (specification FeMN68Si18) was around 6800-6900 yuan/ton on May 19th, with an average market price of 6883 yuan/ton, a decrease of 0.67% compared to the beginning of the week.
According to customs data, the total export volume of unwrought manganese, manganese waste and powder (electrolytic manganese) in April 2023 was approximately 20600.3 tons, a decrease of 38.42% compared to the previous month; The total import volume of unwrought manganese, manganese waste and powder (electrolytic manganese) in April 2023 is approximately 47%