silicon magnesium manganese metal price

On April 14th,  99.9% magnesium ingots were quoted at 15600-15700RMB/T EXW price, and actual transactions were 15450-1550RMB/T EXW price; the downstream began to wait and see again for high market prices, and market transactions slowed down. Yesterday, some magnesium factories chose to sell on the market, and the mentality of high prices was loosened. According to the feedback of traders, 15500RMB/T EXW price has been able to find a spot source, there are also some manufacturers with low inventory, and the current quotations remain strong. The prices of raw coal and ferrosilicon continue to decline, and the cost support of magnesium ingots is weak, however, because the inventories of magnesium ingots in Fugu are generally at a low level, there is little room for the price of magnesium ingots to fall; it is expected that magnesium ingots will remain weak in the short term to maintain a stable state.

Recently, the pressure on electrolytic manganese price continues to fall, the quotation is mostly 16200-16400RMB/T, the actual transaction is 16200-16300RMB/T. Yesterday, some exporters took the price of manganese at around 2485USD/T, in addition, some holders of the manganese triangle have recently sold their electrolytic manganese at 15900RMB/T because their goods have been stacked for a long time and have been slightly discolored. For the factory, the first task is to sell monthly goods, and the market is mainly cautious and stable prices. Recently, some electrolytic manganese plants have been preparing for the suspension of production in May. However, due to the fact that the factories can keep a certain amount of inventory for external sales after the suspension of production in the later period, the recent shipment rate has also slowed down slightly.

Silicon metal began to fall in mid-March, and the price has been successively reduced for a month, with a drop of as much as 1,200RMB. The current market corresponds to the supply and demand situation of various brands of products. Only the low-grade oxygen-permeable products have a serious surplus. The supply of oxygen-permeable high-grade, non-permeable 553# and chemical grade metal silicon are all low, and the market consumption is also in supply-demand balance or the supply is slightly tight.

Based on the experience of previous years, the peak supply price during the high water period will inevitably fall to trough. Therefore, the terminal factory plans to stock up ion large quantities during the high water period and purchase 1.5-2 times the monthly consumption. Traders are also looking for opportunities to buy the bottom.