Weekly Manganese Market Brief

Amid weak downstream demand and resilient production costs, the mainstream price of Chinese electrolytic manganese 99.7%min remains at 11,850-12,050 CNY/MT ex-factory cash, unchanged from earlier this week. Market participants predict that prices will stay at current levels in the coming days. Meanwhile, the mainstream export price of electrolytic manganese 99.7%min has dropped by $10/MT to $1,650-1,700/MT, offshore China. Traders believe that the market outlook remains bleak.
Due to sluggish demand for electrolytic manganese products, the mainstream price of Chinese manganese ingot 96.5%min is weakly hovering at 12,250-12,450 CNY/MT ex-factory cash. Traders predict that prices will remain at lower levels in the coming days.
Meanwhile, as steel mills approach a new round of manganese alloy tenders, smelters are anticipating better prices. Currently, the mainstream price of South African manganese ore 36%min has slightly increased to 32.2-33.2 CNY/dmtu, up by 0.2 CNY/dmtu from last week. However, due to ongoing tepid downstream demand, traders are cautious about the market outlook.
With potential for price increases in sight, Chinese SiMn producers hold a positive outlook. The mainstream price of Chinese SiMn 65/17 has risen by 100 CNY/MT to 5,900-6,100 CNY/MT ex-factory cash. Producers anticipate that prices may further increase in the coming days.
In summary, prices of manganese and related products remain at low levels due to weak downstream demand, while SiMn alloy sees a slight increase alongside rising manganese ore prices. Currently, prices have bottomed out with the increase in southern electricity costs and are poised for potential rebound.
For more market information and price trends, please consult Hainan West Asia Import & Export Group.

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