After BHP publicized the price in October, the domestic manganese ore market seems quite, as both of the transactions and price have no obvious break, in fact, the market has appeared delicate change.
Firstly, the inquiry becomes better. It is understood that the inquities have become more and more active in both south abd north ports, sharping bright contrast. Many alloy manufacturers enlarge the attention extent on manganese ore. Although the manganese ore transaction has not improved, many traders are optimistic about the future market under the condition of more inquiries.
Secondly, as the spot price is basically same with the offer from the foreign suppliers, so the mangaense ore market has no large space to decline even though the current alloy market is not well. A trader in Lianyungang offer RMB63 yuan/dmtu above for Australia manganese ore lumpy 42% and Brazil manganese ore lumpy 53%. Although they have not concluded any deal, they are optimistic about the future market.
Due to high cost and gradually recovering demand, the current manganese ore market price is expected to go up. |