Today the Manganese marekt is significantly active with more inquiry, however, due to the lower alloy manufacturers continue to suppress prices, manganese ore market prices are not rising sharply,same with last week.
A Huangpu port trader said they received more inquiry in recent days, it seems a slight improvement in demand. However, manufacturers are still difficult to accept the high-priced ore. It is understood that they offer Zambia manganese lump ore50% at 53RMB/dmtu, there is no significant fluctuations in price.
And The Tianjin Port, Lianyungang, Qinzhou port transaction is currently improved slightly, but the sale prices remained flat with the previous level. At present, Tianjin Port price of South Africa manganese lump ore Mn38%Fe15% at 43RMB/dmtu, Lianyungang port price of manganese ore Mn34% fe 23% at 38 RMB/dmtu, Zhanjiang port price of australia lump ore Mn45% fe <6% at 55-56 RMb/dmtu. It is Close to National Day, part of the alloy plant's procurement of raw materials is active to replenish stocks which led the market demand for manganese ore increase slightly . However, due to poor market transactions of alloy, and the price is still low, many manufacturers are currently selling their goods. Market participants said that market demand for alloy is not practical to pick up, the recent substantial increase of manganese ore prices is unlikely, the market is still expected to move on in a small shock. |