This week, influenced by the 21 day closure of mines in South Africa, the domestic manganese market continued to maintain a rebound momentum. The increase in silicon and manganese prices is gradually expanding, and the spot ore prices at ports are also brewing an upward trend. The phenomenon of reluctant sales and lockdowns has significantly increased. Driven by this, the domestic high, medium, and low carbon manganese iron prices have also increased this week. Although there has not been much release of actual demand, the sentiment of manufacturers' lockdowns is gradually increasing, and the market may still rise next week.
This week, Shanxi Dongfang Resources announced to the public that it will shut down another blast furnace starting from April 1st. At that time, its high carbon ferromanganese production load will reach 50%, with an expected shutdown time of 3 months. It is expected to improve the market supply and demand relationship to some extent.
However, manufacturers of medium and low-carbon ferromanganese have been reluctant to sell on a large scale since yesterday, which may indicate that prices are also expected to experience a significant rebound, and the overall market will need to be clarified.
This week, influenced by the 21 day closure of mines in South Africa, the domestic manganese market continued to maintain a rebound momentum. The increase in silicon and manganese prices is gradually expanding, and the spot ore prices at ports are also brewing an upward trend. The phenomenon of reluctant sales and lockdowns has significantly increased. Driven by this, the domestic high, medium, and low carbon manganese iron prices have also increased this week. Although there has not been much release of actual demand, the sentiment of manufacturers' lockdowns is gradually increasing, and the market may still rise next week.
This week, Shanxi Dongfang Resources announced to the public that it will shut down another blast furnace starting from April 1st. At that time, its high carbon ferromanganese production load will reach 50%, with an expected shutdown time of 3 months. It is expected to improve the market supply and demand relationship to some extent.
However, manufacturers of medium and low-carbon ferromanganese have been reluctant to sell on a large scale since yesterday, which may indicate that prices are also expected to experience a significant rebound, and the overall market will need to be clarified.
