FeMn price weakness 75 high manganese spot tight

The spot price of high carbon ferromanganese is weak, and some manufacturers let profits ship. Traders are buying at a slower pace. High carbon ferromanganese 65# cash factory 5700-5850 yuan/ton. 75# cash factory 6400-6600/ ton. The spot price of low carbon ferromanganese is moving sideways. Medium carbon ferromanganese 752.0I cash factory 7900-8100 yuan/ton, low carbon ferromanganese 800.7 cash factory 9100-9300 yuan/ton.

Manganese ore market shock is weak, the downstream purchase price is cautious, Tianjin port semi-carbonic acid 31.5-32 yuan/ton, Gabon 39 yuan/ton, Australian mine 40.5-41 yuan ton; Qinzhou port manganese mine is weak operation, the downstream price continues to pressure, the semi-carbonated price is about 32 yuan/ton, the Australian block price is 44-45 yuan/ton, and the South African high-speed rail is 31-31.5 yuan/ton. Macro policies have driven the overall upward movement of the black disk, and confidence has been boosted, but the upward continuity should be considered, and the short-term manganese ore market remains volatile.

High carbon ferromanganese spot transaction price slightly down, 65 high manganese spot shortage situation has eased, 75 high manganese in the northern region is still in short supply, but the transaction price around 6500 yuan/ton. Most of the steel pricing is stable, the overall number of slightly increased from last month, steel mills have stocked up in advance. The price of medium and low manganese is temporarily stable, the spot of medium manganese is difficult to find, and the price of low manganese is stable. The willingness of traders to purchase has weakened, and some traders have entered the holiday state to wait and see the post-holiday price. Overall, the ferromanganese market is weak in the short term.