A Weekly Review of Manganese Alloy Market

（5.9-5.13）

【Ferro-alloys.com】

This week, the silicon manganese futures 2209 contract market performed poorly. On May 9, the intraday high was 8378 points, the lowest was 8244 points; the intraday high on May 10 was 8256 points, the lowest was 8062 points; the intraday high on May 11 was 8236 points, and the lowest was 8104 points; on May 12, the intraday high was 8250 points, the lowest was 8028 points; as of press time today, the intraday high was 8312 points and the lowest was 8134 points.

Manganese ore: Tianjin Port manganese ore is relatively deserted due to the influence of the downstream silicon-manganese end. The futures continued to fall, the factory buying sentiment was not high, there was a willingness to get the goods at a low price, and the inquiry price was generally low. Traders have obvious willingness to ship, but they hold the mentality of reluctant to sell at low prices. The decline in the amount of manganese ore drifting in the sea has caused the port to remain tight recently. The Gabonese ship has not yet arrived at the port, and the South African mine also has an empty window. The short-term inventory pressure is not high. In the future, the cost falls below the cost line, and the reluctance to sell at a low price is also obvious. The short-term mining price remains cautiously wait-and-see.

MnSi Spot: On the one hand, the price of futures has been falling again and again, which has an adverse impact on the spot market ; on the one hand, the current cost of most enterprises is still high, and the silicon-manganese alloy enterprises are under great pressure, and the overall situation is quite difficult. The recent silicon-manganese alloy market is like stalemate, and some manganese prices have increased. Whether the price of manganese will be greatly increased in the later period requires further attention.

1.Silicon manganese market price

【steel mill】Hebei Iron and Steel Group set a price of 8,850 yuan/ton for silicon-manganese alloy in May, and purchased 22,000 tons, a decrease of 2,450 tons compared with the previous month (silicon-manganese alloy mining volume in April: 24,450 tons).

2.Manganese Ore Port Price

(1)China northern port                    Unit: CNY/dmtu

(2)China southern port                     Unit: CNY/dmtu

【Manganese Ore】：Under the influence of multiple factors, the manganese ore market was basically stable, and some ore prices were adjusted slightly. In March 2022, China imported 2,207,300 tons of manganese ore, an increase of 13.76% from the 1,940,300 tons imported in February,among which, the import volume from South Africa in March was 1,245,900 tons, an increase of 10.22% from the 1,130,400 tons imported from South Africa in February.The import volume from South Africa in March accounted for 56.44% of the total, and the import volume from Australia in March was 379,900 tons, an increase of 89.38% from the 200,600 tons imported from Australia in February, and the import volume from Australia in March accounted for 17.21% of the total; From January to March 2022, China imported 6,821,100 tons of manganese ores.

3.Mines Performance in 2022                       Unit:USD/dmtu

4.Manganese ore inventory weekly in Tianjin Port

As of Apr.29th, 2022, the total inventory of manganese ore in Tianjin Port was 4.3147 million tons.

To sum up: Supply and demand determine the price. In the later stage, the major silicon-manganese alloy enterprises have successively reduced production, and the spot supply may be significantly reduced. The manganese price is expected to run well. The price increase needs further attention.

• [Editor:zhaozihao]