Ferromanganese recent market trend

"Ferroalloy Online" 2021-7-9: While waiting for the steel pricing, and under the policy of energy consumption control, power limit and other reasons, the spot purchase of manganese ore is in a wait and see period.Manganese ore inventory decline, lower production manganese ore demand reduction, supply and demand hedge reduction.High cost support, however, in July, the impact of the downward trend in steel pricing, cost continued to push up the power or significantly insufficient.

The stock of South African manganese ore at the port is relatively sufficient, although the upside down is obvious, the weakness will inevitably appear. The mainstream quotation of South African semi-carbonate ore at Tianjin port is less than 35 yuan/ton, while the mainstream transaction price is less than 34.5 yuan/ton, and the transaction price of low transmission is also visible.Some manganese miners at Qinzhou Port indicated that the inquiry activity was strengthened, and some factories would purchase manganese ore due to the inventory consumption of the port. Because the port inventory is high, the factories still have the mood of price pressure, which is slightly competitive with the attitude of the manganese ore supplier considering the cost of holding the goods.

Steel before the conclusion of the manganese ore spot transaction activity is difficult to see growth, but manganese miners due to cost considerations and subsequent futures order risk is larger, the current spot is in the upside down situation, although keep rational waiting for but also no low shipping intentions.