The 23rd International Manganese Summit and Manganese Products New Energy Application Seminar hosted by Ferro-Alloys Online is scheduled to take place from September 4th to 6th in Beihai, Guangxi, China. This conference will be held in the picturesque city of Beihai, inviting attendees to explore the beautiful scenery and return home with high spirits, just like the soaring spirit of "manganese".

Looking back at the period from January to June 2023, the steel market has been in a downturn. The current steel industry is unlikely to experience a new upward trend as it did in 2008 and 2015. With the real estate market experiencing a significant downward trend, crude steel production is unlikely to reach new highs. As a result, the pressure has been transmitted to the upstream manganese alloy market. Weakness in raw materials and soft demand, coupled with high supply and inventory levels, have led to a continuous, slight decline in prices for ferromanganese and silicomanganese since the beginning of the year. Although prices have dropped by more than 200 yuan/ton compared to the same period, the cost gap between northern and southern silicomanganese has widened, and the operating rates and production levels in the north and south have shown distinct differences. At the same time, traders mostly make purchases based on immediate needs, and the price spreads put pressure on factories. Many steel mills have followed the market trend, shifting from monthly single purchases to multiple purchases, and the steel purchase prices in northern large factories remain higher than those in the south. On the other hand, manganese ore has experienced up to 10 yuan/ton of contango until June, making it difficult to see an upward trend due to the lack of demand support and high inventory levels. Moreover, with international prices at a high level and the depreciation of the RMB increasing import costs, the manganese ore industry is facing difficulties. In 2023, the electrolytic manganese market also experienced a synchronized decline. Although the "alliance" announced plans for storage and production halt in the first half of the year, terminal procurement remains cautious, and electrolytic manganese prices continue to maintain a weak downward trend.

During the summit, Ferro-Alloys Online cordially invites AON METAL company to participate, along with other domestic and foreign manganese enterprises, traders, factories, steel mills, futures institutions, and other industry-related service providers, to gather together and discuss the new opportunities for the development of the manganese industry in the second half of 2023. See you in Beihai from September 4th to 6th!