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The decline of electrolytic manganese slows down, and silico-manganese and ferromanganese remain stable.
**Abstract:**
At the end of June, the electrolytic manganese market remained weak. Prices continued to decline, and downstream demand was cautious, waiting for a stronger market sentiment. Purchasing activity remained limited, increasing operational pressure on manufacturers. The price of silicomanganese 6517 stayed stable this week with limited transactions. Demand for silicomanganese 6014 was flat, and prices saw a slight weakening. Due to ongoing bidding activities by major steel mills, current silicomanganese producers are holding steady offers and awaiting the final bidding prices.
**Core Tip:**
As of late June, the electrolytic manganese market is still in a weak phase. With falling prices, downstream buyers remain hesitant, leading to minimal purchasing activity. Manufacturers are under growing pressure. Silicomanganese 6517 prices have remained stable, but transaction volumes were low. Meanwhile, silicomanganese 6014 demand was flat, and prices experienced a slight downward trend. Major steel mills are currently conducting bids, which has caused silicomanganese producers to maintain stable offers while waiting for final announcements.
**Price Monitoring**
[Image: Weekly Manganese Quotes (2013.6.24–2013.6.28)]
**Electrolytic Manganese, Manganese Alloy, and Imported Manganese Ore**
**1. Electrolytic Manganese**
From June 24 to June 28, the price of electrolytic manganese continued to fall, dropping by 150 yuan/ton. On June 28, the factory price in Jishou area ranged between 12,000 and 12,100 yuan/ton. Despite the weak market, the price decline slowed significantly by the end of the week, showing signs of stabilization. Manufacturers’ willingness to further cut prices weakened, and some began considering production cuts. Raw material prices such as manganese carbonate ore and sulfuric acid remained stable, while selenium dioxide prices fell again, with 98% selenium dioxide quoted at 285–290 yuan/kg.
**2. Manganese Alloy Market**
The silicomanganese 6517 price remained stable this week, with limited spot transactions. Demand for silicomanganese 6014 was flat, and prices saw a slight drop. High- and medium-carbon ferromanganese prices remained steady, with calm market conditions. On June 28, the factory acceptance price for Guizhou and Hunan silicomanganese 6517 was 6,700–6,800 yuan/ton, while Ningxia and Inner Mongolia silicomanganese 6517 was priced at 6,650–6,850 yuan/ton. Southern silicomanganese 6014 was quoted at 5,400–5,550 yuan/ton, excluding tax. High-carbon ferromanganese 65C7 from Hunan and Guizhou was priced at 6,150–6,300 yuan/ton, including phosphorus.
Although steel mills have started to bid for silicomanganese in July, major companies like Hegang and Shagang have not yet confirmed their bidding prices. As a result, silicomanganese producers are waiting for clarity before adjusting their offers. Given the stable prices of silicomanganese 6517 in June, it is expected that the July bidding prices will also remain stable.
High-carbon ferromanganese prices were stable, but demand remained sluggish, and factory operating rates were low. Only Yunnan saw higher production due to seasonal electricity pricing, while Other southern regions operated below 40%. Carbon-manganese iron prices were stable, but demand remained weak. Some manufacturers offered firmer prices due to limited spot availability.
**3. Imported Manganese Ore Market**
Manganese ore imports did not improve this week, and downstream alloy plants purchased only small quantities. Miners' offers were weak. BHP announced its latest manganese ore offer to China, keeping the price unchanged. While this prevented further price declines, it also limited mining companies’ ability to increase prices. With weak domestic demand, manganese ore prices remained under pressure, and the risk of inversion between domestic and international prices continues to rise.
Latest BHP manganese ore offers:
- Mn 45.5–46% Australian CIF: 5.95 USD/ton
- Mn 48% Australian seed CIF: 5.65 USD/ton
**International Market Review**
This week, the silicomanganese and ferromanganese markets in Europe and the U.S. remained flat, with weak prices due to sluggish demand. Electrolytic manganese demand remained low, and the MB electrolytic manganese price dropped by $15/ton on Wednesday.
**Next Outlook**
**1. Stainless Steel Market**
In Wuxi, the market held steady with a wait-and-see attitude, mainly focused on shipments. Some areas faced shortages, and merchants were reluctant to adjust prices. 3-series prices were weak, affected by nickel price fluctuations. In Foshan, coil prices declined again, with 3-series prices down by 200 yuan/ton. Although nickel prices had a short-term impact, coil prices showed limited gains. 2-series resources were under pressure, and merchants reduced prices. 201-series was adjusted slightly, while 4-series remained stable.
**2. Steel Market**
Due to overcapacity and weak downstream demand, the steel industry is experiencing thin profit margins. Tightening liquidity has increased survival pressures for many steel companies. With no significant improvement in liquidity or demand, the tight capital chain is likely to become the norm, further dragging down steel prices.
**Market Outlook**
Electrolytic manganese prices have found strong support at 12,000 yuan/ton, and manufacturers are less willing to lower prices. In the short term, the market remains weak, but the adjustment is expected to be limited.
For manganese alloys, silicomanganese and ferromanganese prices are expected to remain stable in the near future, especially after the upcoming steel mill bidding announcements.
Imported manganese ore prices remain weak due to weak domestic demand, and the risk of price inversion between domestic and international markets continues to grow.