Manufacturers
Inner Mongolia: A small number of manufacturers continue to overhaul and have not resumed production. The Ulanqab substation is under maintenance, which has a small impact on silicon manganese production. Manufacturers are not shipping smoothly, and the pairs are deserted. They are cautious and wait-and-see.
Ningxia: Due to the decline in the futures market, the losses of manufacturers have intensified. A new manufacturer has been overhauled, involving a daily output of 210 tons. Manufacturers are not active in quoting, the market inquiry atmosphere is general, the transaction is relatively light, and retail transactions are mainly based on basis trading.
South: Due to high costs, factories are suffering from serious production losses. Some factories are expected to reduce production for maintenance, and production is expected to continue to decrease.
Raw materials
Manganese-rich slag: The market is weak and volatile, and the market is in a wait-and-see mood. Recently, the market sentiment of the black sector is bearish. The manganese-rich slag is affected by the industrial chain and is weak and volatile overall. The quotations have been slightly lowered. Most manufacturers are currently maintaining normal production, and the inventory in the factory is low. It is expected that the price in the future market may continue to consolidate. In terms of price: the price of 40-degree manganese-rich slag in Liaoning is 42-43 yuan/ton, the price of 38-degree manganese-rich slag in Ningxia is 42.5-43.5 yuan/ton, and the price of 40-42-degree manganese-rich slag in Shanxi is 40-43 yuan/ton.
Tianjin Port: The manganese ore market is weak, downstream futures are weak, and market quotations are entangled. South African semi-carbonic acid transactions are around 34.5-35 yuan/ton, South African high-speed rail is 31.5-32 yuan/ton, Gabon is 40.5-41 yuan/ton, and Australian block is 41-42 yuan/ton.
Qinzhou Port: Manganese ore prices are weak, and downstream wait-and-see price pressure sentiment has increased. Semi-carbonic acid prices are 35-36 yuan/ton, Australian seeds are 42-42.5 yuan/ton, Gabon blocks are 44.5 yuan/ton, and South African iron blocks are 35-35.5 yuan/ton.
Traders
There are few sources of goods in Anyang trading market, and there are not many quotations. The futures and spot companies have more quotations for silicon-manganese basis, Inner Mongolia 05-290, Ningxia 05-300, Tianjin 05-180, Hebei 05-160, Anyang 05-110, Jiangsu 05-50, Hubei 05-80.
Steel mill end
Steel mill end, downstream demand has slightly decreased, April silicon-manganese steel recruitment has been carried out one after another, and Hebei Steel has not started yet.
Market outlook:
Silicon-manganese market is weak and stable. On the cost side, the price of chemical coke has increased slightly, the price of manganese ore has fluctuated and is weak, and the market wait-and-see sentiment has increased. The sentiment of reducing production and maintenance on the manufacturer side has increased compared with the previous period, and the expected output may fluctuate and fall. The demand on the steel mill side is lower than expected, and the enthusiasm for purchasing and inquiry is general, so it is cautious to wait and see.
