The Price of Ferro Manganese In China 2024

The Current Price of Ferromanganese

The ferromanganese market rebounded significantly in April, stimulated by the cost-end manganese ore news. The overall spot transaction atmosphere was relatively high. Factories continued to adjust their quotations to offset the rapid increase in costs. Traders frequently selected opportunities to reserve stocks, resulting in high manganese circulation in the market. The volume has been significantly reduced. By the end of the month, high manganese 65# has increased to 6500-6900 yuan/ton, and 75# has similarly recovered to around 7500 yuan/ton; a small amount of medium manganese 75C2.0 has been quoted at 8400 yuan/ton; a few low manganese 0.7 has been raised 9,600 yuan/ton, low manganese 0.4 was raised to 9,900-10,000 yuan/ton (an increase of 600 yuan from the middle of the month).

Ferromanganese market review:

In the first ten days of this month, the wind vane manganese ferrosteel recruitment was finalized (high manganese 5300, medium manganese 7600, low manganese 8800). Affected by this, the quotations of medium and low manganese showed signs of decline. The mainstream quotation of medium manganese 75C2.0 fell to 7300-7500 yuan/ton. Low manganese 0.7 fell back to around 8800-8900 yuan/ton. However, the cost-end manganese ore quotations of high carbon ferromanganese have increased by 1.5-3.5 yuan in the first ten days of the month. The mainstream high-manganese 65# quotations have rebounded to 5150-5200 yuan/ton. Most high-manganese factories have reported feedback under the pressure of steel recruitment. The cost is too high and we are unable to make any profit, so we will mainly wait and see for the time being.

Since the middle of the month, cost-end coke has rebounded after several rounds of consecutive increases and decreases. Chemical coke has increased by 120 yuan/ton in the first round. The impact of the South32 Australian block shipment incident has been extended. Factory manganese ore replenishment operations have increased. Cost-end manganese ore quotations have increased. The increase is obvious and some high-level transactions can be followed up.

Tightening profits of high-manganese factories have helped the market pick up. Most of the quotations from factories in Shanxi, Henan and other places have risen to 5,400 yuan/ton (spot shortage, individual factories have a delivery period of 1 month). The quotations of 65# from local large manufacturers have risen to 5,500 yuan/ton, and the quotations from individual factories have dropped to 5,500-5,600 yuan/ton. tons and there are follow-up transactions.

In the second half of the month, cost-end coke started to rise again (up 50 yuan), manganese ore still rose rapidly, and the price of some minerals in Tianjin Port increased by more than 10 yuan/ton. Stimulated by the cost of manganese ore and the rise in silicon-manganese futures, almost all high-manganese factories were closed in the second half of the month.

The quotation of a small amount of 65# was raised to 5900-6000 yuan/ton. At the end of the month, the quotation of 65# in Shanxi and other places continued to increase to 6800-6900 yuan/ton. Ton. Similarly, affected by the sharp increase in manganese ore, medium and low manganese factories continued to increase their quotations in the second half of the month to offset the rapid increase in costs. A small amount of medium manganese 75C2.0 was quoted to 8,400 yuan/ton; a few low manganese 0.7 prices were increased by 9,600 yuan/ton. , low manganese 0.4 was raised to 9,900-10,000 yuan/ton (an increase of 600 yuan from the middle of the month).

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