1. Price trends
According to the price monitoring of SunSirs, the market price of silicomanganese alloys is mainly down this week, which is about 200-300 yuan / ton lower than last week. At present, the manganese-silicon Ningxia region has a specification of FeMN68Si18 and the ex-factory price is about 5700 yuan / ton.
In March, the price of manganese-silicon alloy bids fell, and the overall decline exceeded the 1,000 yuan mark. Under the influence of the epidemic, poor transportation, many companies have inventory backlogs and significant funding pressures, raw material manganese ore prices have been loosened, steel mills have ceased production, and production reduction information has continued to reduce steel prices. Pessimistic performance has begun since mid-February , Prices are all the way down.
2. Analysis of influencing factors
Manganese-silicon steel prices drop sharply in March
HBIS Group announced March pricing: 5900 yuan / ton (inquiry 5900), down 1300 yuan / ton, (February price: 7200 yuan / ton, March 2019 price: 7780) Silicon manganese production: 19680 Tons, a decrease of 6,320 tons compared with February 2020.
In March, Jiangsu Shagang's bidding price for silicon-manganese alloy was 6090 yuan per ton, including the factory acceptance price including tax.
In March, Fujian Sangang's silicon-manganese 6517 bidding was 6070 yuan per ton including tax and half cash.
In March, Hunan Hualing Xiangtan Iron and Steel's bidding price for silicon-manganese was 6,150 yuan / ton for the tax-included acceptance, which was 1,050 yuan / ton lower than last month's bid price, and the tender volume was 9,000 tons.
February silicomanganese production declines
In February 2020, the national silicomanganese output was about 83.86 inches (including high-silicon silicomanganese, silicomanganese 6517, silicomanganese 6014, non-standard silicomanganese), which was 8.55 inches less than the previous month, of which the silicomanganese 6517 # output was about 79 million , 7 fewer attachments than January.
This time, a total of 106 silicon-manganese companies are in production, a decrease of 13 from the previous month, and a total of 265 furnaces were opened, a decrease of 26 from the earlier month. Affected by the epidemic, the North and South China's production areas decreased significantly. Inner Mongolia, Ningxia's main producing area, lost 3.78 inches in February, and Guizhou, Guangxi, Guangxi, lost 3.38 inches in February.
Raw manganese ore market is loose
In terms of upstream manganese ore, last week, affected by the first orders from manufacturers, demand slightly recovered, but this week, demand has weakened again, small and medium-sized port traders have reduced pressure and increased port inventories have not become a basis for price stabilization. In the middle of the month, a new round of external disk quotations will enter the market again. Based on current domestic expectations, the external disk may continue to penetrate continuously, which will affect the price of manganese ore in the later period.
The performance of the outer disk is not good. In April 2020, Comillac's Mn44.5% Gabon block was US $ 4.15 / ton, which was lower by 0.5 US $ / ton compared with the offer in March; The South African block was reported at US $ 4.2 / ton, and the previous three months' offer was reduced by US $ 0.3 / ton.
3. Future Forecast
In March, the price of manganese-silicon alloy bids fell, and the overall decline exceeded the 1,000 yuan mark. Under the influence of the epidemic, transportation was not smooth, and many companies had inventory backlogs and significant financial pressure. Raw material manganese ore prices have been loosened, steel mills have ceased production, information on production reductions has been continuously reduced, and steel prices have been pessimistic. Since mid-February, prices of manganese-silicon alloys have been falling. In the case of significantly intensified circumstances, it is not ruled out that manufacturers may stop production and reduce production on the agenda. SunSirs analysis believes that short-term manganese and silicon will continue to run weakly and steadily, and the price may be slightly reduced.
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