The market price of 1 # electrolytic manganese rose this week (October 28 to November 4). The spot market price in East China was 17300 yuan/ton last weekend and 17300 yuan/ton this weekend, which was flat.

Manganese ore: The overall transaction was average. The spot side was driven by the good alloy futures. The merchants tried to raise the offer. However, the manufacturers were in a general mood to receive goods due to poor profits. In terms of external markets, South32 offered manganese ore to China in December, with high quality Australian pieces of 4.7 dollars per ton (down 0.1 dollars per ton) and South African semi carbonate of 3.98 dollars per ton (down 0.04 dollars per ton). The overall decline was smaller than expected, which gave some support to the spot price. In terms of spot goods, the transaction price of Tianjin Port Australia block was 43.5-44 yuan/ton, that of semi carbonic acid was 33.5-34 yuan/ton, and that of Gabon was about 38.5 yuan/ton. Low price resources decreased. The overall inventory of the port remains high, but if the alloy price goes up, the quotation of manganese ore will also be slightly adjusted.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the weekly and monthly K column chart of electrolytic manganese above that since March 2022, the price of electrolytic manganese has continued to decline. After a slight rise in the end of August, the price has continued to stabilize temporarily, and since the end of September, the price has risen slightly.

The market price of electrolytic manganese is temporarily stable this week, with the mainstream price of 15500-15700 yuan/ton. At the end of October, the EMM Innovation Working Committee of China Mining Association proposed to stop the production of EMM completely in January 2023, and to stop the production of EMM by 50% from February to December 2023. Six suggestions were adopted at the meeting. The impact of this proposal on the market remains to be seen. At present, the market enterprises have a strong mentality of price fixing, and it is difficult to find low price goods on the market. The overall market is bullish. The downstream demand is still soft in the near future, and the market is dominated by just needed procurement. The recent performance of steel recruitment is average, and the market guidance is limited. In general, the electrolytic manganese market, which lacks the support of actual demand, will maintain a temporary stable operation in the future. In the long run, the implementation of production restriction will benefit the market to a certain extent, and the supply and demand game mentality is strong.

Manganese silicon: After the sharp drop on Monday, the market performance improved significantly on Wednesday, led by the black series. The second half of the week saw a very encouraging rise. The confidence in the industry was significantly boosted. Except for the firm quotations of most enterprises, some companies did not offer to the outside world for the time being, and showed a wait-and-see trend. In November, the steel bidding was launched, and the mining volume of Hegang Group was raised on a month on month basis, which improved the market confidence. According to the price monitoring of the business community, the market price of silicon manganese in Ningxia (specification: FeMN68Si18) was about 6950-7000 yuan/ton on November 4, with the average market price of 6983 yuan/ton.