A Weekly Review of Manganese Alloy Market

（5.30-6.2）

【Ferro-alloys.com】

This week, the silicon manganese futures 2209 contract market performed poorly. On May 30, the intraday high was 8378 points, the lowest was 8244 points; the intraday high on May 31 was 8256 points, the lowest was 8062 points; the intraday high on June 1 was 8236 points, and the lowest was 8104 points; as of press time today, the intraday high was 8312 points and the lowest was 8134 points.

Manganese ore: the manganese ore market was active, with more inquiries, and the trading situation was still good. Most of them were concentrated in South Africa's semi-carbonic acid, while Gabon and Australian mines performed relatively stable. External miners are also waiting for a new round of external quotations, and are bullish on semi-carbonic acid, while prices in Gabon and Australia remain weak. On the whole, the performance of the downstream and terminal black environment has improved slightly, which has also enhanced the confidence of miners, and the short-term manganese ore market will remain stable.

MnSi Spot:Silicon-manganese alloy futures continued to decline. In addition, the current market demand is quite general, and some companies have accumulated inventory (the bidding for steel mills in May has come to an end, and the bidding for steel mills in June has not yet started. At the same time, under the circumstance that the disk price has an obvious advantage and the enthusiasm for most disk purchases is high, the factory shipments are obviously hindered, and most of them have inventory accumulation), and the cost support has weakened (the recent coke third Affected by bad news such as the round of lifting and lowering is expected to be fully implemented), the industry's price support sentiment has weakened.

1.Silicon manganese market price

【steel mill】Hebei Iron and Steel Group set a price of 8,450 yuan/ton for silicon-manganese alloy in June, and purchased 22150 tons, a increase of 150 tons compared with the previous month.

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 April 2022, China imported 2,676,400 tons of manganese ore, an increase of 21.25% from the 2,207,300 tons imported in March; the import volume from South Africa in April was 1,252,000 tons, an increase of 0.5% from the 1,245,900 tons imported from South Africa in March. The import volume from South Africa in April accounted for 46.78% of the total, and the import volume from Australia in April was 298,700 tons, a decrease of 21.37% from the 379,900 tons imported from Australia in March, and the import volume from Australia in April accounted for 11.16% of the total; From January to April 2022, China imported 9.4945 million tons of manganese ores.

3.Mines Performance in 2022                       Unit:USD/dmtu

4.Manganese ore inventory weekly in Tianjin Port

As of May 27th, 2022, the total inventory of manganese ore in Tianjin Port was 3.574 million tons.

To sum up: In the short term, it is expected that the silicon-manganese alloy market will hardly fluctuate greatly. As for the later trend, in addition to paying close attention to the new round of silicon-manganese alloy bidding by iconic steel companies, the changes in the relationship between supply and demand cannot be ignored.

• [Editor:zhaozihao]