SiMn Weekly Review(12.21-12.25)

  • Monday, December 28, 2020
  • Source:ferro-alloys.com

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

Weekly Review

 (12.21-12.25)

Ferro-alloys.com

【Factory】:Siliconmanganese prices have risen this week

The futures market was generally positive this week. The silicomanganese 2105 contract rose sharply on Monday, which rose nearly 2.5% to 7088 points and 6806 points, and closed at 6944 points. The next day it fell by nearly 3%. Since then, it has shown an upward trend every day. As of press time today, it has risen by 0.67%, reaching a maximum of 6966 points, a minimum of 6820 points, and closing at 6882 points. The difference between the highest and lowest of the week was 470 points.

In terms of spot, in terms of the current market, most alloy plants are still implementing delivery orders, and said that the retail resources available for retail are relatively small, coupled with the continued environmental protection in Ningxia, and the increase in electricity prices in the main production areas in the south. The production status of silico-manganese manufacturers has made the market silico-manganese spot supply side expected to continue to be tight. In addition, the prices of raw materials such as manganese ore and coke have been stabilized to support the overall market. The overall market is strong. With positive information dominating the situation, the silico-manganese alloy market has been operating strongly recently and the price has risen. This week, the domestic price of silico-manganese has increased by 300-400 yuan/ton.

In terms of manganese ore, the external quotations have risen, and miners have a strong reluctance to sell at low prices. The industry as a whole is more optimistic. In addition, the overall silico-manganese alloy market is operating well, so the current manganese ore market continues to maintain a steady upward trend. Manganese miners are more optimistic about the market outlook, but the short-term market still needs downstream transactions to follow up.

As of this Friday, Si-Manganese 6517# in Inner Mongolia is quoted at 6600-6700 yuan/ton, Si-Manganese 6517# in Ningxia is quoted at 6500-6600 yuan/ton, Si-Manganese 6517# in Guangxi is quoted at 6500-6600 yuan/ton, and Si-Manganese 6517# in Chongqing is quoted at 6600-6700 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.21st

6200-6300

6200-6300

6200-6300

6200-6300

6300-6400

Dec.22nd

6400-6500

6400-6500

6400-6500

6400-6500

6500-6600

Dec.23rd

6600-6700

6600-6700

6600-6700

6600-6700

6700-6800

Dec.24th

6600-6700

6600-6700

6600-6700

6600-6700

6600-6700

Dec.25th

6600-6700

6500-6600

6500-6600

6500-6600

6600-6700

【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 December bid for silicon and manganese was 6,350 yuan/ton, and the mining volume was 24,400 tons, an increase of 1,800 tons from November. Xiangtan Iron & Steel's January 2021 silico-manganese 6517 bidding price has been finalized for acceptance at 7,200 yuan/ton including tax, which is a significant increase of 500 yuan/ton from the previous inquiry price of 6,700 yuan/ton, and the purchase quantity is 10,000 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.21st

36-37

35-36

34-35

33-34

32-33

29-30

Dec.22nd

36-37

35-36

34-35

33-34

32-33

29-30

Dec.23rd

38-39

37-38

36-37

34-35

34-35

30-31

Dec.24th

38-39

37-38

36-37

34-35

34-35

30-31

Dec.25th

38-40

37-38

36-37

34-35

34-36

30-31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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.21st

39-40

37-38

36-37

35-36

34-35

30-31

Dec.22nd

39-40

37-38

36-37

35-36

34-35

30-31

Dec.23rd

40-41

38-39

37-38

36-37

35-36

31-32

Dec.24th

40-41

38-39

37-38

36-37

35-36

31-32

Dec.25th

40-41

38-39

37-38

36-37

35-36

31-32

【Manganese Ore】:Recently, the silico-manganese alloy market is going well,and the manganese market is flooded with good news. Xiangtan Iron & Steel's January 2021 silico-manganese 6517 bidding price was finalized at 7,200 yuan/ton, which is a substantial increase of 500 yuan/ton from the inquiry price.The manganese ore market is also rising steadily situation. The external price of manganese ore has been raised, miners are reluctant to sell at low prices, and the industry's mentality is relatively optimistic, and the overall market outlook is relatively optimistic. Next, the spot price of manganese ore is likely to continue to rise steadily, but what is the final trend requires close attention to the changes in the bidding situation of other steel plants and the relationship between supply and demand 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 25, 2020, the total inventory of manganese ore in Tianjin Port was 5.511 million tons.

(Among them: bulk cargo-5.361 million tons and containers -150,000 tons)

Arrivals this week: 542790 tons (12.18-12.25)

Name

Inventory (Ten thousand tons)

South Africa

313.9

Gabon

72.8

Australia

67.4

Brazil

35.8

The ivory coast

20.4

Malaysia

10.9

Ghana

14.7

 

 

 

 

 

 

 

 

 

 

 

 

 

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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