Market Price Trends of Manganese Ferroalloy

Current Price of Silicon Manganese

First, let’s take a look at the price trend of silicomanganese

Let’s take the price of silicomanganese 6517 as an example. Prices remained stable from April 1st to April 19th, and began to rise continuously from April 20th, especially from April 23rd to April 23rd.

In summary, we can see that the price of silicomanganese has increased significantly since the 23rd.

The Price Trend of High Carbon Ferromanganese

The price of high carbon ferromanganese dropped very slightly from April 1st to April 7th, but it began to rise steadily from April 9th, and the price increase increased significantly on April 18th.

*Next, let’s take a look at the market price trend of medium carbon ferromanganese

From April 1st to April 18th, the price of medium carbon ferromanganese remained stable, and even dropped slightly. However, since April 19th, the price has gradually increased, especially from May 9th to May 10th. Sudden substantial increase.

*Next, let’s take a look at the market results and trends of electrolytic manganese

From April 1st to April 24th, the price of electrolytic manganese remained stable, and even dropped slightly. However, since April 25th, the price has gradually increased, especially from April 26th to now, the price has increased significantly.

ferro silico manganese

Reasons for global price increase of manganese ferroalloys

South Africa is world-famous for its rich mineral resources. There are more than 70 kinds of minerals with proven reserves and exploited. The reserves of gold, platinum group metals, manganese, vanadium, chromium, and aluminosilicates rank first in the world.It is worth noting that South Africa has the largest manganese ore reserves in the world, so South Africa occupies a pivotal position in the manganese ferroalloy market. The global price increase of manganese ferroalloys this time has a greater relationship with South Africa’s manganese ore.

South Africa’s National Union of Mineworkers (NUM) has launched a general strike in response to plans for large-scale layoffs. The union, which has about 300,000 members, plans to march on the West Rand offices of Sibanye Stillwater gold mining group on May 11 in a general strike over previous and planned mass redundancies.

In addition, Brazil is also very rich in mineral resources. Currently, there are about 50 kinds of minerals with proven reserves. Many important mineral reserves rank among the top in the world, among which niobium, tantalum, talc and pyrophyllite rank first in the world, iron ore and graphite rank second in the world, and bauxite, manganese, nickel, tin and zinc rank third in the world. . Other major mineral resources include oil, natural gas, coal, uranium, gold, copper, chromium, lead, titanium, zirconium, kaolin, asbestos, phosphate rock, fluorite, gypsum, vermiculite, magnesite, etc.It is worth noting that Brazil’s manganese ore reserves rank third in the world.

However, due to Brazil’s qualification certificate for exporting ore from one to multiple types, and export policy restrictions, Brazil’s domestic export of ore has been restricted, which has reduced the amount of manganese ore on the market and increased the price of manganese-based ferroalloys.

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