The market outlook for electrolytic manganese is not optimistic, and some of them are more pessimistic
The bidding prices of electrolytic manganese steel plants continue to hit new lows. According to the new round of price reductions in some steel plants, the ex-factory cash price of electrolytic manganese sheets including taxes has approached and fell below the 10,000 yuan mark, which may be the upcoming 2020 The steel recruitment in January once again cast a heavy shadow, and the industry feels helpless about it. The market outlook remains unchanged and the keynote seems to have not changed. Moreover, some steel mills announced that the January bidding price has dropped significantly from the previous month, which is even more obvious. The situation gets worse. In the past month, the current imbalance between supply and demand in the domestic electrolytic manganese market seems to be gradually decreasing on the supply side, but at the same time, the reduction on the downstream demand side is also obvious, and some high-priced social legacy stocks have not been digested for a long time, resulting in overall supply. The phenomenon of over demand still exists.
In this regard, some manganese plants are also frank, even if they stop production, but in the short term the pace of market supply and demand adjustment is still slow, because some traders have been reluctant to take the initiative to digest the high-priced inventory, so think carefully In terms of the fact that the price of electrolytic manganese has fallen to such an "unsightly" situation, it is in fact basically within the scope that everyone previously expected, and the final development of the situation is as expected. Of course, the specifics still need to be paid attention to this week. What is the development of the new round of bidding, but the expectations may not be optimistic.
