【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)

【Steel Mills】

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

(2)、The southern port CNY/mtu

【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

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)

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]