According to the commodity market analysis system of the business community, the price of 1 # electrolytic manganese market fell slightly this week (from July 7 to July 14). The price of Spot market in East China was 16050 yuan/ton on July 14, down 0.31%.

In terms of manganese ore: Manganese ore prices have slightly increased this week, with steel bidding boosting the market during the week. Inquiries on the market have increased, transactions have slightly improved, prices have slightly increased, and market sentiment has slightly improved. Among them, the Australian dollar is 39.5 yuan/ton, and Gabon is 37.5 yuan/ton. The transaction price of Gaogao Aozi is 36.5-37 yuan/ton, Gabon is 37-37.5 yuan/ton, and South Africa’s high-speed rail is 31-31.3 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 five consecutive months since December 2022. After a slight recovery in May, prices continued to decline in June.

The electrolytic manganese market continues to maintain stable, moderate, and weak operation, with mainstream market prices ranging from 14300 to 14400 yuan/ton, basically unchanged from last week. The electrolytic manganese market continued to be weak throughout July, with slightly lower market sentiment and a narrow decline in the market, making it difficult to break the weak balance between supply and demand. At the beginning of this week, market news on the supply side stated that some manganese manufacturers had plans to resume production, which affected market sentiment. In terms of demand, the market is about to enter a low season, with slightly weaker demand. Although the pricing of steel recruitment has slightly declined this week, the overall performance is still good. The game mentality between the supply and demand sides is strong, and the market has a strong wait-and-see atmosphere. The FOB price is between 1950 and 1980 US dollars per ton, a decrease of 30 to 50 US dollars per ton compared to last week. Overall, Business Society expects that downstream demand will remain weak overall, and there is an expectation of increased supply in the market. It is expected that the future market will continue to operate weakly, waiting for more guidance on steel bidding prices.

Related data:

On July 16th, the base metal index stood at 1222 points, unchanged from yesterday, a decrease of 24.38% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 90.34% 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 Business Society, there were a total of 14 commodities in the non-ferrous sector on the list of commodity prices rising and falling in the 28th week of 2023 (7.10-7.14), with 2 commodities increasing by more than 5%, accounting for 8.7% of the monitored commodities in this sector; The top three commodities were Dysprosium(III) oxide (6.00%), silver (5.08%) and zinc (3.05%). There are a total of 8 products that have decreased compared to the previous month, with the top 3 products falling respectively being neodymium metal (-3.39%), antimony (-3.14%), and praseodymium metal (-2.39%). This week’s average increase or decrease was 0.95%.