Under the influence of continued weak demand, electrolytic manganese fell again

According to the observation of the Hainan West Asia Group. The substantive problem of demand is still difficult to improve, and the terminal continues to be weak on the electrolytic manganese market. Spot prices lack transaction support, and inventory pressure is large, and the short-term electrolytic manganese market may maintain a weak decline pattern.

Regarding the price drop of electrolytic manganese again, Hainan West Asia Group analyzed the following three reasons. ↓↓↓

① The sum of current monthly production reductions is limited.

② It is difficult to improve the skewed situation of market supply and demand.

③ It is becoming increasingly difficult for factories and traders to sign orders.

At present, most cargo holders have lowered the port quotation again to $2040 / ton(FOB), Individual actual orders in Guangxi, China, also fell to $2012- 2040/ ton(FOB). Under the influence of the "interest rate cut", the RMB exchange rate fell significantly, and individual export quotations continued to show a downward trend. A small amount is reported at $2040-2050/ton (FOB). However, the current terminal procurement situation is quite general and the price pressure phenomenon is obvious, coupled with the social inventory is still high constraints, most industry insiders have a falling view on the price of electrolytic manganese this month. 

●Hainan West Asia Group recommends you operate with caution.