Weekly Review of Silicomanganese Market(12.14-12.18)

  • Monday, December 21, 2020
  • Source:ferro-alloys.com

  • Keywords:Weekly Review
[Fellow]Siliconmanganese prices have risen this week

Weekly Review

(12.14-12.18)

Ferro-alloys.com

【Factory】:Siliconmanganese prices have risen this week

The futures market has been going well this week. It has been rising every day since the beginning of the week. Today, it rose by nearly 2.8%, reaching a maximum of 6788 points, a minimum of 6596 points, and closing at 6744 points. There was a difference of 462 points between the highest and lowest points during the week.

In terms of spot, under the situation that good information dominates (futures performance is picking up, and the spot supply of enterprises is tight, most factories now say that there is no spot, and the production is based on orders. The most obvious is the southern region, and the price of coke and manganese ore rises. With the advent of heavy rains and blizzards in winter, vehicles are hard to find in some areas, transportation costs increase, and environmental protection news is frequent). Recently, the silico-manganese alloy market has been operating strongly, and the price has risen. Although some factories are not motivated to make offers, they are looking forward to it. Rising sentiment has increased.

In terms of manganese ore, due to the good performance of the silico-manganese alloy market and the increase in external quotations, the factory inquiries and purchasing conditions have improved. With the gradual increase of these positive information, the confidence of miners has improved recently, and the price of ore has also risen slightly. At present, it is basically in a state of low prices and unacceptable supply. In view of the later trend, the market is mostly optimistic, but what is the final trend, we need to pay close attention to the changes in the alloy bidding situation and the supply-demand relationship of steel mills in January.

As of this Friday, Si-Manganese 6517# in Inner Mongolia is quoted at 6100-6200 yuan/ton, Si-Manganese 6517# in Ningxia is quoted at 6100-6200 yuan/ton, Si-Manganese 6517# in Guangxi is quoted at 6100-6200 yuan/ton, and Si-Manganese 6517# in Chongqing is quoted at 6100-6200 yuan/ton, and the price trend this week is shown in the figure:

1、Price Quotation(Silicon Manganese)

Date

Inner Mongolia

Ningxia

Guizhou

Guangxi

Chongqing

Dec.14th

6100-6200

6100-6200

6100-6200

6100-6200

6200-6300

Dec.15th

6100-6200

6100-6200

6100-6200

6100-6200

6200-6300

Dec.16th

6200-6300

6200-6300

6100-6200

6100-6200

6200-6300

Dec.17th

6200-6300

6200-6300

6100-6200

6100-6200

6200-6300

Dec.18th

6200-6300

6200-6300

6200-6300

6200-6300

6300-6400

【Steel Mills】

bid price of representative steel mills in December

steel mills

price

quantity

HBIS

6350

24400

NISCO

6280/6300

9000

XISC

6310

8000

Shagang Group

6350

12000

Hegang Group’s bidding price in December for silico-manganese 6517 was finally finalized at 6,350 yuan/ton, an increase of 70 yuan/ton from the second inquiry price, and an increase of 270 yuan/ton from the previous month’s bidding price, and the bidding volume was 24,400 tons.

2、Price Quotation(manganese ore)

(1)The northern port CNY/mtu

date

Australian Manganese OreMn46%

Australian Manganese Ore(lumpy)Mn45%

Gabonese Manganese OreMn45%

Brazil manganese ore 46%

South Africa

semi-carbonate

Mn37%

South Africa

Ferro Manganese Ore 30%

Dec.14th

35-36

34.5-35

33-34

31.5-32

32-33

28-28.5

Dec.15th

35-36

34.5-35

33-34

31.5-32

32-33

28-28.5

Dec.16th

35-36

34.5-35

33-34

31.5-32

32-33

28-28.5

Dec.17th

35-36

34.5-35

33-34

31.5-32

32-33

28-28.5

Dec.18th

35-36

34.5-35

33-34

31.5-32

32-33

28-28.5

 

 

 

 

 

 

 

 

 

 

 

 

 

(2)The southern port CNY/mtu

date

Australian Manganese OreMn46%

Australian Manganese Ore(lumpy)Mn45%

Gabonese Manganese OreMn45%

Brazil manganese ore 46%

South Africa

semi-carbonate

Mn37%

South Africa

Ferro Manganese Ore 30%

Dec.14th

36-37

35.5-36

33.5-34.5

31.5-32

33-34

29-30

Dec.15th

36-37

35.5-36

33.5-34.5

31.5-32

33-34

29-30

Dec.16th

36-37

35.5-36

33.5-34.5

31.5-32

33-34

29-30

Dec.17th

36-37

35.5-36

33.5-34.5

31.5-32

33-34

29-30

Dec.18th

36-37

35.5-36

33.5-34.5

31.5-32

33-34

29-30

【Manganese Ore】:Recently, the external quotations have risen, the silicomanganese alloy market has improved, and the status of factory inquiries and purchases has improved. The domestic manganese market is flooded with positive downstream inquiries. Although the port manganese ore inventory is at a high level, the miners' sentiment for the price is still positive. In view of the later trend, the market is mostly optimistic, and the spot price of manganese ore is likely to rise steadily. However, the final trend requires close attention to the changes in the alloy bidding situation and the supply-demand relationship of the steel plant in January.

3、Quotation of Mainstream Mines

Mine

Specs

November

December

Next

January

Next

February

Next

March

South32 

Semi-carbonate

4.35

3.9

3.8

 

 

Australian Manganese Ore45%

4.55

4.25

4.25

 

 

Australian Manganese Ore(lumpy) 46%

4.31

4.03

4.03

 

 

UMK

South Africa

Manganese Ore36%

4.33

4.05

 

3.69

4.05

Comilog   

Gabonese Manganese OreMn44.5%

4.3

3.95

3.95

 

 

Gabon SeedMn43%

4.05

3.7

3.7

 

 

Tshipi

South Africa Semi Carbonated Manganese Ore36.5%

4.1

3.85

 

 

 

South Africa Manganese Ore fines34.5-35%

3.6

3.35

 

 

 

South Africa Semi Carbonated Manganese Ore30.5%

3.6

 

 

 

 

4、Port inventory of Manganese ore

As of December 18, 2020, the total inventory of manganese ore in Tianjin Port was 5.571 million tons.

(Among them: bulk cargo-5.421 million tons and containers -150,000 tons)

Arrivals this week: 161666 tons (12.11-12.18)

Name

Inventory (Ten thousand tons)

South Africa

309.6

Gabon

83.4

Australia

66.3

Brazil

36.3

The ivory coast

20.8

Malaysia

9.4

Ghana

16.3

 

 

 

 

 

 

 

 

 

 

 

 

 

In Summary: In the short term, the silicomanganese alloy market will continue to run firmly, and prices may still rise. As for the later trend, in addition to paying close attention to the January silico-manganese alloy bidding by iconic steel companies, changes in supply and demand, raw material price trends, and futures performance cannot be ignored.

  • [Editor:zhaozihao]

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